Bayi Steel blog posts bottom line of RMB 612 million for Jan-Sept

Xinjiang Province-based Chinese steelmaker Bayi Iron and Steel Co., Ltd. (Bayi Steel) has announced that it signed up an operating profits of RMB 19.687 billion ($0.77 billion) in the very first 9 months this year, down 21.02 percent year on year, while posting a web loss of RMB 612 million ($84.8 million), down 126.35 percent year on year.In the July-September period this year, it registered an operating income of RMB 6.617 billion ($0.92 billion), down 34.84 percent year on year, while posting a bottom line of RMB 468 million ($64.8 million), down 148.61 percent year on year.In the very first 9 months, the business's outcomes of longs and apartments completed 1.3211 million mt and 2.354 million mt, down 31.66 percent and 16.64 percent year on year, specifically. In the provided duration, the firm's sales of longs and also apartments amounted to 1.2575 million mt as well as 2.3638 million mt, down 42.7 percent as well as 19.21 percent year on year, respectively.

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