Hunan Province-based Chinese steelmaker Hunan Valin Xiangtan Iron and Steel Co., Ltd (Valin Xiangtan Steel), a subsidiary of Hunan Valin Iron & Steel Group Co. (Valin Group), produced 5.02 million mt of pig iron, 5.42 million mt of crude steel and 5.13 million mt of finished steel in the January-June period of the current year, achieving a gross profit of RMB 1.0 billion ($0.15 billion), with its operating performance reaching the highest level for the first half over the past eight years, as reported by local media in Hunan Province.