Chinese steel producer
Baosteel Group has announced that its steel
production in 2004 reached 21.38 million tons and the company expects 2004 sales revenue to exceed Yuan 160 billion ($19.32 billion).
The company also stated that its market share in high-tech and value-added steel
production increased in 2004.
In Jan-Sep period of 2004, Baoshan Iron and Steel's revenue amounted to Yuan 43.08 billion, up by 32.3% against the previous year and the net profit reached Yuan 7.14 billion, up by 34.1% against the previous year figures.