China: Baowu Steel records steel output over 61 mnt in H1CY22

China Baowu Steel’s output was recorded at 61.47 mnt in the first six months of CY22. The company’s operating revenue stood at RMB 496.2 billion ($ 73.61 billion), total profits at RMB 32.62 billion ($ 4.83 billion), and net profit at RMB 27.53 billion ($ 4.08 billion) in H1.