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Xinjiang Bayi Steel posts net loss of RMB 342 million for H1 2026-锻造展-2027年第二十七届广州国际锻造工业展览会-Forging Exhibition-2027 China(Guangzhou)International Forging Industry Exhibition
8/18/2026 锻造展-forging expo-forging exhibition--forging event |
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Xinjiang Province-based Chinese steelmaker Xinjiang Bayi Iron & Steel Co., Ltd. (Bayi Steel) has issued its financial report for the January-June period this year, stating that it registered an operating revenue of RMB9.319 billion ($1.4 billion), up 6.71 percent year on year, while it posted a net loss of RMB 342 million ($50.4million), compared to a net loss of RMB 697 milion recorded in the same period of last year.
In the given period, Bayi Steel produced 2.67 milion mt of pig iron 3.01 milion mt of crude steel and 2.83million mt of finished steel, up 10.8 percent, 11.1 percent and 12.8 percent year on year, respectively.
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