Baosteel announced a net profit of 2.55 billion yuan in the third quarter of this year, a decrease of 15.96 percent from a year earlier. Earnings and revenues were 0.15 yuan per share and 51.14 billion yuan, up 10.15 billion yuan. The company produced 5.81 million tons of pig iron and 6.57 million tons of steel from July to September.
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