27
Aug
11:10
Investment slump hits Bayi Steel first-half earnings
Northwest China's Xinjiang Bayi Iron & Steel (Bayi Steel), which is majority owned by eastern China's Baosteel, has released its semi-annual report on the Shanghai Stock Exchange. The company saw a small increase in operating revenue but profit shrank on weak local demand and higher costs, Kallanish notes.
According to the company's report, Bayi Steel's operating revenues in the first half of 2018 increased by 15.95% year-on-ye…
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