China's second largest seamless steel tube and pipe manufacturer Hengyang Valin Steel Tube Co, a subsidiary of Hunan Province-based Chinese steelmaker Valin Group, has announced that in 2011 it sold 1.313 million mt of steel tubes and 386,000 mt of steel bars, with its total sales reaching a value of RMB 9.37 billion ($1.485 billion).
In addition, in 2011 Hengyang Valin Steel Tube's total steel product exports amounted to 667,000 mt, with a value of $750 million.