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06 Sep
12:36

Bayi profits from increased production/sales in first half-year

Baowu Iron & Steel Group’s Xinjiang Bayi Iron & Steel Company returned to profit in the first half of 2017, Kallanish notes. Over the period Bayi produced 1.09 million tonnes of long products and 1.27mt of flat products, with both categories showing on-year increases of 22.4% and 73.3% respectively. Bayi is a listed steel company in Xinjiang province, with a total steelmaking capacity of 8million tonnes/year. It says that its positive result is …
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