SteelOrbis Shanghai
Releasing its Q3 figures on October 27,
China's largest steelmaker Baoshan Iron & Steel Group (
Baosteel), announced that for the period in question it registered RMB 42.1 billion ($5.35 billion) in business revenues and RMB 4.71 billion ($600 million) in net profits, up 22 percent and 42.3 percent respectively year on year.
From January to September, the company's total business revenues amounted to RMB 113.23 billion ($14.4 billion), up 35.4 percent on last year. Meanwhile, cumulative net profits reached RMB 9.09 billion ($1.16 billion), down 13 percent compared with the same period last year.