Shanghai-based listed Chinese steelmaker Baoshan Iron and Steel Co. Ltd (Baosteel) has issued its financial report for the first quarter of current year, announcing an operating revenue of RMB 41.386 billion ($6.68 billion), down 11.47 percent, and a net profit of RMB 1.547 billion ($0.25 billion), increasing by 2.46 percent, both year on year.
In the given period, Baosteel produced 5.362 million mt of pig iron and 5.569 million mt of crude steel, while it sold 5.239 million mt of finished steel.