Why Baoshan Is China’s Top Steel Stock

REPLAY VIDEO
Your next video will start in
Pause

Recommended Videos

  • Info

  • Comments

  • VIDEO TEXT

March 24 (Bloomberg) –- In today’s “Global Outlook,” Bloomberg’s Zeb Eckert takes a look at global steelmakers on Bloomberg Television’s “On The Move Asia.” (Source: Bloomberg)

Are hard hit.

We have an analyst favorite emerging today.

There is a tangible reminder of the economic rise.

Take one look at the crowded roadways there in beijing.

Car ownership is surging in china.

There is also gridlocked and pollution.

There are less than clear winners between the chinese steel makers.

Analysts rated it.

This beats the global peer and if you take a look of the truck of the day, they compare the contents is sharing to revenue from asia and the united states.

They scored 4.7 in our ranking.

A number forur for the metal corporation.

Further afield, they tied 3.8. check out the 3.5 and 3.2. they have half the market for automotive.

Citigroup says that they are the clear beneficiary of rising vehicle demands and are expected to grow and help the steel makers are trying to reform businesses.

Local companies are continuing to expand.

Vehicle sales could rise 10% and increase with the automobile manufacturers association.

There are headwinds on the marketplace for the chinese steel industry and many investors remain skeptical.

The top banking regulator said that they need to cut capacity for the top guidelines.

They are strict credit guidelines imposed on polluters.

Meanwhile, the price of iron ore has dropped in the past year.

There may be a bright spot here.

It is all about the sales.

This text has been automatically generated. It may not be 100% accurate.

Advertisement

BTV Channel Finder

Channel_finder_loader

ZIP is required for U.S. locations

Bloomberg Television in   change