China’s Baotou Steel reports $12m profit for 2016

Baotou Iron & Steel, the largest mill in China’s Inner Mongolia autonomous region, reported a net profit of 85 million yuan ($12.35 million) for 2016 amid higher steel prices.

This compares with a net loss of 3.31 billion yuan ($481 million) in 2015, according to its announcement on the Shanghai Stock Exchange on Friday April 21.

It generated...


Jessica Zong

April 21, 2017

07:52 GMT