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Baotou Steel posts losses in 2009

Baotou Steel posts losses in 2009

Write: Minos [2011-05-20]

Baotou Steel reported a loss of 1.63 billion yuan last year, compared with a net profit of 920 million yuan from 2008, and had operating revenues of 34.02 billion yuan, down 22.91 percent. Falling steel prices and shrinking exports were the main reasons behind the loss.