On April 10, Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel Co. (Baogang Group) announced that in the first quarter this year it exported 375,000 mt of finished steel, up 26 percent, with an export value of $220 million, rising by 23 percent, both year on year.
Baogang stated that, although the overall environment for steel exports is tough and demand remains sluggish, the company has managed to increase exports by actively expanding in emerging markets, like South America and Africa, in addition to maintaining its traditional markets.