Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel Co., Ltd. (Baogang) has stated that it expects that its net profit will reach RMB 2.44-3.65 billion ($0.38-0.57 billion) for the year 2021, up 501.05-799.11 percent year on year.
For the fourth quarter last year, Baogang has estimated a net loss of RMB 0.128-1.338 billion ($0.02-0.21 billion).