BRIEF-Xinjiang Ba Yi Iron and Steel to return to net profit in Q1

April 7 (Reuters) - Xinjiang Ba Yi Iron And Steel Co Ltd

* Says it expects to return to net profit of 270 million

yuan ($39.14 million) in Q1 versus net loss of 447.4 million

yuan year ago

Source text in Chinese:

Further company coverage:

($1 = 6.8981 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)