Liaoning Province-based Chinese steelmaker Bengang Steel Plates Co. (Bengang Steel Plates), a subsidiary of Benxi Iron and Steel (Group) Co. (Bengang Group), announced on August 11 that in the first half of the current year it registered an operating revenue of RMB 19.813 billion ($3.21 billion), down 4.41 percent, while realizing a net profit of RMB 174 million ($28.16 million), up 6.48 percent, both year on year.
In the first half this year, Bengang Steel Plates produced 4.9367 million mt of pig iron, down 2.53 percent, 4.9461 million mt of crude steel, down 2.83 percent, 5.7448 million mt of hot rolled coil (HRC), up 17.85 percent, and 1.8491 million mt of cold rolled coil (CRC), down 4.98 percent, all on year-on-year basis.