Laiwu Steel issues financial results for H1

According to the interim financial report issued by Shandong Province, China-based steelmaker Laiwu Iron and Steel Corporation (Laiwu Steel), in the first half of the current year its operating revenue reached RMB 22.8 billion ($3.5 billion), up 21.1 percent year on year. In the same period, Laiwu Steel's net profit declined by 27.09 percent year on year to RMB 198 million ($31 million). Meanwhile, its earnings per share (EPS) amounted to RMB 0.215 ($0.033) in H1.
 
During the given period, Laiwu Steel produced 2.37 million mt of pig iron, 3.33 million mt of crude steel and 3.84 million mt of finished steel.