Masteel expects operating revenue of RMB 53.9 billion for 2016

Anhui Province-based Chinese steelmaker Masteel has announced that it expects to produce 17.62 million mt of pig iron, 18.60 million mt of crude steel and 17.63 million mt of finished steel for the whole of 2016. Meanwhile, the company expects to record an operating revenue of RMB 53.9 billion ($7.81 billion) in the whole of 2016.