Fujian Province-based Chinese steelmaker Sangang Minguang Co. Ltd has issued its financial report for 2014, announcing a net profit of RMB 31.9527 million ($5.15 million), down 40.72 percent year on year. Meanwhile, in 2014 the company achieved an operating revenue of RMB 18.022 billion ($2.94 billion), down 6.61 percent year on year.
In 2014, Sangang Minguang produced 5.6463 million mt of pig iron, up 6.14 percent, 6.2919 million mt of crude steel, up 6.31 percent, and 6.0365 million mt of finished steel, up 11.22 percent, all year on year.
As for 2015, the company is aiming to produce 5.58 million mt of pig iron, 6.20 million mt of crude steel and 6.03 million mt of finished steel.