On December 4, Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel Co. (Baogang Group) announced that in November this year its outputs of pig iron, crude steel and finished steel amounted to 805,800 mt, 859,700 mt and 800,900 mt respectively, all reaching the production targets for the given month.
Meanwhile, in the first 11 months of the current year, Baogang exported 1.12 million mt of finished steel, up 19.17 percent or 180,200 mt year on year, constituting an all-time record high for a January-November period. The value of the finished steel exports in the given period amounted to $664 million, up $43.128 million year on year. In the January-October period this year, the value of Baogang's finished steel exports had already exceeded the total value of its finished steel exports for the whole of 2012.
