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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: lurqer who wrote (38660)	3/2/2004 1:51:21 PM
From: lurqer	Respond to of 89467

For China watchers China steel maker's profit jumps 63% Xiao Yu Baoshan Iron Steel, Asia's fourth-largest steel maker by market value, said profit rose 63 percent last year as higher prices lifted sales. The Shanghai-based company in October predicted a 50 percent profit increase. . Net income rose to 6.98 billion yuan, or $844 million, equivalent to 0.56 yuan a share. That compared with an adjusted 4.27 billion yuan, or 0.34 yuan a share, in 2002, Baoshan said Saturday. Sales rose 31 percent to 44.5 billion yuan. . China's economy grew 9.9 percent last year, spurring a surge in real estate investment and sales of automobiles and home appliances. That growth fueled steel consumption, causing China to use 36 percent of the world's output of the metal last year. . "What's behind the price rise" of steel products "is the huge market demand in China," said Simon Francis, an analyst at ING Securities in Hong Kong. . The average price of steel products that Baoshan sold to domestic and overseas buyers rose 23 percent last year, the company said. Its cash flow increased 35 percent to 14 billion yuan. . Baoshan said it focused on more expensive products to help pass on surging raw material costs. Sales of cold-rolled steel, used in cars and home appliances, rose 42 percent. . Baoshan shares rose 72 percent in 2003. Shares of JFE Holdings, Nippon Steel and Posco, Asia's three biggest steel makers by market value, gained an average 55 percent during the same period, according to Bloomberg data. . Baoshan will use its improved cash flow to raise output to 15 million tons by 2005 from 11 million in 2003, the chief financial officer, Chen Ying, said in January. Based on that projection, sales may rise by $2 billion, said Zheng Dong, an analyst at Guotai Junan Securities. iht.com lurqer

To: lurqer who wrote (38660)	3/2/2004 2:30:00 PM
From: sylvester80	Read Replies (2) \| Respond to of 89467

If that isn't right wing repuke neoNAZI fascism I don't know what is. Last time this was done, it was by someone named Hitler. This time his name is neoNAZI Bush. DISGUSTING!!!! IT'S TIME TO TAKE BACK AMERICA FROM THESE LYING RACIST BIGOTED FASCIST neoNAZI CRIMINAL THUGS!!!!!