Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel (Baogang) has announced that in the first half of the current year it registered an operating revenue of RMB 21.132 billion ($3.24 billion), up 75.56 percent year on year, with a net profit of RMB 587.7 million ($90.1 million), compared to the net profit of RMB 27.518 million recorded in the same period of 2016.
The company produced 6.59 million mt of pig iron, 6.70 million mt of crude steel and 6.21 million mt of finished steel, up 14.2 percent, 16.1 percent and 13.1 percent year on year.