In the first half of the current year, Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel Group (Baogang Group) recorded an estimated operating revenue of RMB 65.165 billion ($9.6 billion), up 13.32 percent year on year, and a gross profit of RMB 3.826 billion ($0.57 billion), down 24 percent year on year.
$1 = RMB 6.7405