Baogang Group posts gross profit of RMB 690 million for January

In January this year, Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel Group (Baogang Group) registered an operating revenue of RMB 10.48 billion ($1.65 billion), up by RMB 1.9 billion ($0.3 billion) or 22.1 percent year on year, while posting a gross profit of RMB 690 million ($108.5 million) in the given period, up by RMB 430 million ($67.6 million) year on year.