Baosteel's export orders increased by almost 25% in the first half of the year%

China's largest steel producer Baoshan Iron and Steel Co. Ltd. (Baosteel) reduced its net profit by 6.3% in the first half of the year due to rising raw material costs and weak demand in the domestic market. iron ore amounted to 23.77 million tons, steel – 25.54 million tons. The price of iron ore increased by 6.9%, while the price of steel decreased by 1.3%.

The reports also note that the volume of export orders in the first half of the year increased by 24.8% to 4.14 million tons. This represents 7.5% of China's total steel exports.