China: Baowu Group’s profit rises sharply by 32% in CY’20

China’s largest steelmaker Baowu Group has recorded crude steel production at 115 mn t in CY’20, touching a new high. The company’s profit increased by 32% y-o-y to RMB 45.6 bn in CY’20 as compared to RMB 34.52 bn in CY’19.


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