27
Jul
10:41
Baogang Group achieves record profit
China’s Baotou Iron & Steel (Baotou) Group posted operating revenue of CNY 57.5 billion ($8.87 billion) and net profit of over CNY 5 billion in the first half of the year. This is up CNY 16.4 billion and CNY 4.7 billion on-year respectively, and a new record high for its operating results since its establishment in 1954, Kallanish reports.
In the six months through June steel output rose 6.75% on-year to 7.83 million tonnes. 1.05mt of finished steel expo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous