In 2009 Hebei Province-based Chinese steelmaker Shijiazhuang Steel Limited Co. produced 1.9 million mt of pig iron, 1.84 million mt of crude steel and 1.75 million mt of finished steel, generating a turnover of RMB 6.68 billion ($978.28 million), pre-tax profit of RMB 560 million ($82.01 million) and a net profit of RMB 220 million ($32.22 million).
Hit by the global economic crisis, the monthly exports of the company initially declined sharply to zero from the previous average monthly levels of 20,000-30,000 mt. According to the steelmaker, via an active response and the exploration of new export markets, it achieved a gradual increase in its steel exports, covering more than twenty countries and regions in Asia, Europe and America. In 2009, the company exported a total of 143,000 mt of auto steel and generated revenues in foreign currencies worth $73.34 million.