Fujian-based Chinese steel producer Fujian Sangang Group has announced a sales revenue of RMB 45.138 billion ($6.83 billion) for the January-November period this year. In addition, in the full twelve months of the year the company expects to produce 11.0 million mt of crude steel and record a sales revenue of RMB 49.0 billion ($7.4 billion), which will constitute its best-ever operating performance.
Meanwhile, Sangang Group's listed subsidiary Fujian Sangang Minguang Co., Ltd (Sangang Minguang) is currently in the process of acquiring Fujian-based Sanan Steel Co. (Sanan Steel).