Hunan Province-based Chinese steelmaker Valin Lianyuan Iron and Steel Co., a subsidiary of Hunan Valin Iron and Steel Group Co., produced 4.15 million mt of pig iron, 4.63 million mt of crude steel and 4.56 million mt of finished steel in the January-August period of the current year, while it achieved a gross profit of RMB 1.225 billion ($0.19 billion) in the given period, up 60 percent year on year, as reported by local media in Hunan.