Anhui Province-based Changjiang Steel Co., a subsidiary of Anhui Province-based Magang Group Holding Co., Ltd (Magang Group), has announced that it produced 2.59 million mt of pig iron, 2.85 million mt of crude steel and 2.89 million mt of finished steel in the January-August period of the year. Changjiang Steel is expected to register a sales revenue of RMB 10.11 billion ($1.47 billion) in the given period, up 8.9 percent year on year, while posting a gross profit of RMB 1.71 billion ($250 million) in January-August, up 28 percent year on year.