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China’s Bayi Steel Realized Net Profit of 701 Million Yuan in 2018

https://en.steelhome.com [SteelHome] 2019-03-26 08:57:02

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On March 25, 2019, Baosteel Group Bayi Steel announced its annual report for 2018. The company realized 20.105 billion yuan in revenue, an increase of 19.98% over the same period of last year, and realized 701 million yuan in net profit attributable to shareholders of listed companies, a decrease of 40.02% year on year.

In 10,000 tons

Pig Iron Output

Crude Steel Output

Steel Products Output

2018 Actual

522

561

523

2019 Plan

560

600

580

About Bayi Steel

Bayi Steel has been focusing on iron and steel smelting, rolling, processing and sales for a long time. As the only listed steel company in Xinjiang, its products mainly cover high-speed wire rod, rebar, hot-rolled coil, cold-rolled sheet, medium and heavy plate and other construction and industrial steels. The company has a complete and high-quality production system of ironmaking, steelmaking and rolling, with an annual production capacity of 6.6 million tons of iron, 8 million tons of steel and 8.7 million tons of steel products.


(To contact the reporter on this story: leo.ji@steelhome.cn or 86-555-2238932)
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