On November 12, Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel Co. (Baogang Group) announced that in the January-October period this year it exported a total of 1.03 million mt of finished steel, up 21 percent year on year and constituting a record high for a January-October period. The export value of the products in question amounted to $610 million, exceeding the total export value recorded in 2012.
Baogang Group's finished steel export target for the whole of the current year is 1.2 million mt.