Chinese steel
pipe producer Baoji Petroleum Steel
Pipe Co., a subsidiary of
China National Petroleum Corporation (CNPC), has announced that in the current year up to August 10 its steel
pipe output amounted to 1.00021 million mt, accounting for 62.5 percent of the output target for the full year. The company's steel
pipe output has now exceeded one million mt for the fifth consecutive year.
In the given period, Baoji Petroleum Steel
Pipe Co's revenues from its sales of steel pipes totaled RMB 5.5 billion ($867.51 million) up 17 percent year on year, constituting record sales revenues for the given period.