Hunan Province-based Chinese steelmaker Hunan Iron and Steel Group (Hunan Steel Group) has announced that it registered an operating revenue of RMB 123.576 billion ($17.35 billion) in the first six months this year, up 14.2 percent year on year, while it posted a gross profit of RMB 5.18 billion ($728 million) for the given period, up 1.97 percent year on year.
The company stated that it has made every effort to meet the challenges of the profound adjustments of the steel industry, seized the opportunities from the industry's self-disciplined production control and falling raw-material prices, and accelerated transformations toward high-end, green, smart and service-oriented operations. As a result, Hunan Steel Group’s steel business achieved a steadily improving operating performance.