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January 11, 2011

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Baosteel's outlook

BAOSHAN Iron and Steel Co yesterday said in an earnings forecast that profit last year more than doubled that of 2009 to reach 12.8 billion yuan (US$1.9 billion), or 0.73 yuan per share.

Sales jumped 36 percent year on year to 202.4 billion yuan, the company said in a stock exchange filing.

 

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