Bayi Steel reverses losses in May
Post Date: 09 Jul 2009 Viewed: 800
Bayi Steel turned up as a gainer in May after suffering losses for four months running. The mill sold more than two million tons of steel in the Xinjiang area in the January to May period, almost realizing its goal of selling 70 percent to local market. The mill began to receive more orders from May since the Xinjiang government has decided to invest 300 billion yuan this year in several key projects intended to expand local consumption.