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08 Feb

Baowu expects efficiency improvement after strong 2022

Baowu Group is reported to have registered a strong 2022 against the overall decline of the steel industry, Kallanish learns from media Jiemian affiliated to Shanghai United Media Group, which is under the Shanghai Municipal Committee of the Communist Party of China. In 2022, Baowu produced 132 million tonnes of crude steel in total, an increase of 10% from a year earlier. Annual operating revenue and profit was up 19.3% and down 48.1% on-year respectively to…
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