Hebei Steel Group posts largest crude steel output in China in 2009

Tuesday, 09 February 2010 11:10:15 (GMT+2)

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In 2009, the Chinese steelmaker Hebei Steel Group registered sales revenues of RMB 177 billion ($25.92 billion), with net profit estimated at RMB 470-940 million ($69-138 million). Meanwhile, in the year in question the company posted a crude steel output of 40.27 million mt, ranking first among steel producers in China in terms of crude steel output volume.

Founded on June 30, 2008, Hebei Steel Group controls 4.389 billion mt of iron ore reserves, via full or partial ownership of seven operating iron ore mines, and including an additional three fully-owned mines which are still under construction.

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