On August 16, Jiangsu Province-based Chinese steelmaker Shagang Group issued its financial results for the January-July period of the current year.
Accordingly, Shagang achieved a sales revenue of RMB 132.83 billion ($21.74 billion) in the January-July period, up 4.18 percent year on year. Meanwhile, the company's net profit for the given period totaled RMB 1.275 billion ($209 million), indicating an increase of 91.04 percent compared to the corresponding period in 2012.
During the first seven months, Shagang produced 18.03 million mt of pig iron, 20.16 million mt of crude steel and 19.28 million mt of finished steel products, up 5.3 percent, 4.8 percent and 2.9 percent year on year, respectively.
Source:
http://www.steelorbis.com/steel-news/latest-news/shagang-sees-9104-percent-rise-in-net-profit-in-jan_july-777088.htm
