On October 27, Liaoning Province-based Chinese steelmaker Angang Steel Co. (Ansteel) announced that it achieved an operating revenue of RMB 19 billion ($3.09 billion) in the third quarter of the current year, down 1.19 percent year on year, while it recorded a net profit of RMB 346 million ($56.35 million) in the given period, up 449.21 percent year on year.
In the first nine months of the year, Ansteel saw a net profit of RMB 923 million ($150.34 million), up 20.65 percent year on year.