Hubei Xinyegang Co. shows a strong momentum of development

Hubei Province-based China's Hubei Xinyegang Co.'s output of steel, iron, coke and pipe in H1 2011, increased by 19.81%, 7.95%, 6.11% and 29.43% year on year respectively. The revenue and profit after tax increased by 60.20% and 112.53% respectively year on year. Meanwhile, Xinyegang's sales margins in H1 2011 increased by 166.2% year on year to RMB 821 million ($127.09 million).
 
According to the data released by China Iron and Steel Association, in H1 2011, there are 20 Xinyegang techno-economic indicators ranking top in steel industry.