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29 Apr
05:01

Baosteel output grows on-year in Q1

Baoshan Iron and Steel (Baosteel) saw higher on-year crude steel production this Q1, with output accelerating ahead of its annual target, Kallanish notes. Meanwhile, iron production was flattish and steel sales were slower than expected despite improving on-year. Baosteel produced 11.9 million tonnes of iron and 13.1mt of crude steel in Q1, up 0.1% and 2.1% on-year respectively, which accounted for 24.2% and 25.4% of its 2024 targets. The steelmaker aims to reduce…
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