Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel Co. (Baogang Group) has announced that in 2013 its sales revenue amounted to RMB 50 billion ($8.17 billion), while it recorded a gross profit of RMB 50 million ($8.17 million) in the given year.
Baogang also said that it expects its sales revenue in 2014 to reach a total of RMB 60 billion ($9.8 billion).