Henan Province-based Chinese steelmaker Anyang Iron and Steel Co. (Anyang Steel) has announced that it recorded an operating revenue of RMB 11.48 billion ($1.73 billion) in the first half of the current year, up 2.75 percent year on year, with a net profit of RMB 94.408 million ($14.24 million) compared to a net loss of RMB 393 million in the same period of 2015.
In the first half of the current year, Anyang Steel produced 4.46 million mt of pig iron, 4.38 million mt of crude steel and 4.33 million mt of finished steel, equivalent to 50.68 percent, 50.52 percent and 51.55 percent of the company’s respective targets for the whole of 2016.