BHP News: BHP sees China demand bright spots, logs 37% profit drop - 22nd Aug 2023, 8:20am

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By Melanie Burton and Sameer Manekar

MELBOURNE (Reuters) -BHP Group on Tuesday said it saw solid growth from some sectors in China as it logged its weakest annual profit since 2020, but added it was too early to assess the impact of Beijing's policy measures on the country's housing market.

In an earnings call to reporters, CEO Mike Henry said steel demand from Chinese sectors outside new housing starts, such as infrastructure, green infrastructure, automotive and property completions had been...

>>> Read more: BHP sees China demand bright spots, logs 37% profit drop
 
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