On March 27, Anhui Province-based Chinese steelmaker Maanshan Iron & Steel Co. (Masteel) issued its financial results for 2013, announcing an operating revenue of RMB 73.85 billion ($12.07 billion), while it achieved a net profit of RMB 157 million ($25.65 million). In 2012, Masteel had recorded a net loss of RMB 3.863 billion.
In 2013, Masteel produced 7.4716 million mt of steel plates, 2.6145 million mt of section steel, 7.8514 million mt of wire rod and bar, and 172,800 mt of train wheels.
As for 2014, Masteel plans to produce 13.8 million mt of pig iron, 14.71 million mt of crude steel and 14.45 million mt of finished steel.