Huaigang Special Steel sees 48.66 percent rise in gross profit in H1

Chinese steel producer Huaigang Special Steel, a subsidiary of Jiangsu Province-based steelmaker Shagang Group, has announced that it achieved an overall sales revenue of RMB 3.903 billion ($0.63 billion) in the January-June period this year. Meanwhile, the company’s gross profit in the given period rose by 48.66 percent year on year.