Baoji Petroleum Steel Pipe posts record steel pipe sales revenues

Chinese steel pipe producer Baoji Petroleum Steel Pipe Co., a subsidiary of China National Petroleum Corporation (CNPC), has announced that in the current year up to August 10 its steel pipe output amounted to 1.00021 million mt, accounting for 62.5 percent of the output target for the full year. The company's steel pipe output has now exceeded one million mt for the fifth consecutive year.
 
In the given period, Baoji Petroleum Steel Pipe Co's revenues from its sales of steel pipes totaled RMB 5.5 billion ($867.51 million) up 17 percent year on year, constituting record sales revenues for the given period.