14
Apr
10:50
Bayi Steel profits recover in 2020
China-listed Xinjiang Bayi Steel reported CNY 21.7 billion ($3.32 billion) of operating income in 2020, up 5.39% year-on-year. Its annual profit meanwhile rose by 184.58% y-o-y to CNY 319 million, Kallanish notes from its annual results report.
In 2020, the firm produced 5.91 million tonnes of iron, 6.25mt of crude steel, and 5.97mt of finished steel, which increased 7.07%, 7.76%, and 8.25% respectively y-o-y. The company accounted for 36.1% of Xinjiang’s co…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous