Trade Resources Company News Baosteel Announced an Operating Revenue of RMB 46.748 Billion

Baosteel Announced an Operating Revenue of RMB 46.748 Billion

Shanghai-based Chinese steelmaker Baoshan Iron and Steel Co. Ltd (Baosteel) has issued its financial report for the first quarter of the current year, announcing an operating revenue of RMB 46.748 billion ($7.63 billion), up 0.85 percent, and a net profit of RMB 1.51 billion ($0.25 billion), down 7.23 percent, both year on year.

In the first quarter this year, Baosteel produced 5.515 million mt of pig iron and 5.646 million mt of crude steel, while it sold 5.536 million mt of finished steel.

Source: http://www.steelorbis.com/steel-news/latest-news/baosteel-sees-723-percent-drop-in-net-profit-in-q1-826344.htm
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Baosteel Sees 7.23 Percent Drop in Net Profit in Q1
Topics: Metallurgy