Baosteel sees 4% rise in annual steel billets production and sales
2024-04-28 11:52:02 [Print]
Baoshan Iron & Steel Co
According to Baosteel's 2023 annual report, the company produced 51.94 million tonnes and sold 51 . 9 million tonnes of steel billets last year, up by 4 . 2% and 4 . 3% YoY respectively . The annual sales of "1+1+N" steel products increased by 10% to 27 . 92 million tonnes . Its annual sales of cold-rolled automotive sheet and silicon steel exceeded 9 million tonnes and 4 million tonnes respectively, and overseas sales reached 5 . 84 million tonnes, all hitting an historic high.
. , Ltd . (Baosteel) reported production of 11 . 88 million tonnes of iron and 13 . 10 million tonnes of crude steel in the first quarter of 2024, when its quarterly sales of commercial steel billets reached 12 . 52 million tonnes . The company achieved export orders of 1 . 52 million tonnes during the first quarter, which exceeded target . It sold 7 . 31 million tonnes of "1+1+N" steel products in Q1, up by 16 . 5% from the year-ago period . The company also provided an annual production guidance for 2024, including 49 . 06 million tonnes of iron, 51 . 5 million tonnes of crude steel, and 52 . 22 million tonnes of steel billets.
According to Baosteel's 2023 annual report, the company produced 51.94 million tonnes and sold 51 . 9 million tonnes of steel billets last year, up by 4 . 2% and 4 . 3% YoY respectively . The annual sales of "1+1+N" steel products increased by 10% to 27 . 92 million tonnes . Its annual sales of cold-rolled automotive sheet and silicon steel exceeded 9 million tonnes and 4 million tonnes respectively, and overseas sales reached 5 . 84 million tonnes, all hitting an historic high.