05
Mar
03:51
Baowu overtakes ArcelorMittal as world’s largest steelmaker
China Baowu Group recorded 95.22 million tonnes of crude steel production in 2019, according to the company's chairman, Chen Derong. This means Baowu has officially become the world’s largest steelmaking group, surpassing ArcelorMittal's crude steel production of 89.8mt in 2019, Kallanish notes.
In 2019, Baowu Group's revenue was CNY 556.6 billion ($80.24 billion), with a total profit of CNY 34.52 billion, a year-on-year increase of CNY 690 …
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Anonymous
Very good overview of the weekly steel market.
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