26
Mar
08:02
Bagang profits slump in 2018
The net attributable profit of Xinjiang Bayi Iron & Steel (Bagang) fell by 40.0% year-on-year to CNY 700 million ($104.28m) in 2018, according to its annual report. Kallanish notes. Bagang is the biggest steelmaking company in Xinjiang province, and is controlled by the Baowu Group.
Production of crude steel rose by 8.72% y-o-y to 5.61 million tonnes, and steel product output rose 6.09% y-o-y to 5.23mt. Although profits fell, operating revenue…
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Anonymous
Very good overview of the weekly steel market.
Anonymous