It's reported that Chinese steelmaker said that its sales volumes of stainless steel products totaled 1.353 million tons in 2011, up slightly by 0.8% from a year ago.
Meanwhile, its stainless steel sales acquired 5.2% of the total sales volumes in 2011.
In addition, Baosteel posted sales revenues from its stainless steel products increased by 2% to RMB18 billion and its gross profit margin of stainless was 1.37% in 2011.
Also, Baosteel reported that it planned to carry out the sales of its stainless and special steel unit to its parent company Basteel Group Corp. on April 1st.