Shanxi Province-based Chinese steelmaker Taiyuan Iron and Steel (Group) Co. (TISCO) has announced that in the first half of the current year its steel sales prices and operating revenue increased by 11.46 percent and 10.36 percent respectively, both year on year.
In the January-June period this year, TISCO achieved a net profit of RMB 251.53-419.21 million ($39.705-66.174 million), down 50-70 percent as compared with a net profit of RMB 838.42 million ($132.347 million) in the same period of 2011.
In the first half of 2012, TISCO produced 4,190,900 mt of pig iron, up 1.06 percent year on year, while its outputs of crude steel and finished steel products totaled 5,208,600 mt and 4,680,500 mt, up 4.42 percent and 0.77 percent respectively, both year on year.