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22 Apr
05:11

Baotou Steel predicts decline in 2019's output, income

Baotou Iron & Steel of northern China's Inner Mongolia Province saw operating income and net attributable profits increase by 25.15% and 61.25% year-on-year to CNY 67.19 billion and CNY 3.32 billion, respectively, in 2018. However, the company revealed in its 2018 annual report that it expects revenue and production to decline in 2019, Kallanish notes. In 2018, the company produced 14.81 million tonnes of iron, 15.25mt of crude steel …
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