Chongqing Steel sees 458.57 percent surge in net profit for 2018

Tuesday, 02 April 2019 11:34:43 (GMT+3)   |   Shanghai

Chongqing-based Chinese steel producer Chongqing Iron and Steel Co. (Chongqing Steel) has announced that in 2018 it achieved an operating revenue of RMB 22.639 billion ($3.4 billion), up 71.03 percent year on year, and a net profit of RMB 1.788 billion ($0.27 billion), surging by 458.57 percent year on year.

Meanwhile, as for 2019, the company stated that it plans to produce 5.86 million mt of pig iron, 6.4 million mt of crude steel and 6.13 million mt of finished steel.

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