According to Jiangsu Province, China-based steelmaker Huaigang Iron and Steel Co., Ltd (Huaigang Steel), in the first four months of the current year the company's sale revenue totaled RMB 4.981 billion ($764 million), up 10.27 percent compared to the corresponding period of last year.
In addition, during the period in question Huaigang Steel produced 63,565 mt of new steel products, mainly used in the construction of trains and in offshore projects. The sales revenue from these products reached RMB 165 million ($25 million), accounting for 3.3 percent of the company's total sales revenue.