Fujian-based Chinese steel producer Fujian Sangang Group produced 4.4405 million mt of crude steel in the January-May this year, while it has posted a gross profit of RMB 1.549 billion ($0.225 billion) for the given period, as reported by local media in Fujian.
In 2016, Fujian Sangang Group achieved a gross profit of RMB 1.209 billion ($0.175 billion), compared to the gross loss of RMB 1.632 billion ($0.237 billion) recorded in 2015.