23
Apr
10:44
Bayi Steel returns to profit in first quarter
Bayi Steel returned to profit in the first quarter, China Baowu Group's subsidiary in Xinjiang says in a stock exchange filing.
The government encouraged workers to spend their holidays at the workplace during the Spring Festival of 2021, so the resumption in downstream demand was faster than in previous years, the firm says. This also helped the steel mill's sales in Q1. Bayi Steel produced 1.41 million tonnes of steel and sold 1.5mt, up by 27.9…
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Anonymous
Very good overview of the weekly steel market.
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