Sichuan Province-based Chinese steel producer Panzhihua Gangcheng Group has announced that in 2011 it earned an operating revenue of RMB 17.227 billion ($2.72 billion), up 25 percent year on year. Meanwhile, the company’s gross industrial output value in the year in question amounted to RMB 10.916 billion ($1.724 billion), up 19.63 percent year on year.
In addition, in 2011 Panzhihua Gangcheng Group’s rebar sales increased by 18.8 percent year on year to 489,800 mt, totaling a value of RMB 1.86 billion ($294 million).