Hebei Steel Group’s H1 net profit hits RMB 472 million

In the first six months of 2009, Chinese steelmaking giant Hebei Steel Group produced 16.7227 million mt of pig iron, 17.2962 million mt of crude steel, and 16.0664 million mt of finished steel. The producer achieved RMB 68.327 billion ($10 billion) in sales revenues during the period in question, while its net profit came to RMB 472 million ($69 million). In June, Hebei Steel registered a net profit of RMB 273.67 million ($40 million), up 199.65 percent month on month.