12
Apr
10:31
Xinjiang Bayi reports soaring profit in 2021
Bayi Iron & Steel, the only listed steelmaker in China’s Xinjiang, reported soaring net profits thanks to growing sales and higher steel prices in 2021, Kallanish learns from its exchange filings.
In the given year, Bayi Steel produced 5.96 million tonnes of iron and 6.42mt of crude steel, up 0.85% and 2.72% year-on-year, respectively. Finished steel output also rose 4% to 6.21mt during the same period.
Net profit attributable to shareholders meanw…
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Anonymous
Very good overview of the weekly steel market.
Anonymous