In 2009, Chinese steelmaker Anshan Steel observed a steady increase in its production of pig iron, crude steel and finished steel products, all of which posted record highs.
The producer's outputs of pig iron and crude steel both exceeded 20 million mt, while its finished steel production reached 19 million mt. Meanwhile, in 2009 the steelmaker's operating revenue totaled RMB 80 billion ($11.71 billion), with a net profit of RMB 3.1 billion ($453.9 million). The company's sales of ship plate in 2009 increased by 13 percent year on year compared with 2008, with a domestic market share of 13 percent; its sales of auto sheet rose by 25 percent year on year, with a domestic market share of 25 percent, while its sales of heavy rails increased by 32 percent on a year-on-year basis.
Anshan Steel general manager Zhang Xiaogang said the company had actively adjusted its operating strategy, intensified its efforts to develop the domestic market, and broadened its domestic distribution channels given the reduction of export activity, thereby maintaining its increase trend in both production and sales in 2009.