Baosteel achieves net profit of RMB 5 billion in Jan-Sept

Friday, 31 October 2014 11:34:55 (GMT+3)   |   Shanghai
       

Shanghai-based Chinese steelmaker Baoshan Iron and Steel Co. Ltd (Baosteel) has issued its financial report for the first nine months of the current year, announcing an operating revenue of RMB 143.592 billion ($23.39 billion), up 0.93 percent, and a net profit of RMB 5.01 billion ($0.82 billion), up 7.94 percent, both year on year.

In the third quarter of the year, Baosteel produced 5.129 million mt of pig iron and 5.306 million mt of crude steel, while it sold 5.363 million mt of finished steel.


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