Liaoning Province-based Chinese steelmaker Angang Steel Co. (Ansteel) has stated that in the first half of the current year it registered an operating revenue of RMB 46.882 billion ($6.88 billion), up 20.02 percent year on year, while it achieved a net profit of RMB 3.499 billion ($0.51 billion), rising by 91.94 percent from the net profit of RMB 1.669 billion recorded in the first half of 2017.
Meanwhile, in the first half of this year, Ansteel has produced 11.3502 million mt of pig iron, 11.8435 million mt of crude steel and 10.743 million mt of finished steel, increasing by 6.29 percent, 8.57 percent and 5.13 percent, year on year, respectively.