Guangxi Zhuang Autonomous Region-based Chinese steelmaker Liuzhou Iron and Steel (Group) Co. has issued its financial results for 2012, indicating primary operating revenues of RMB 50 billion ($8 billion) and a net profit of RMB 210 million ($33.5 million).
In 2012, the company’s coking plant produced 4.1921 million mt of coke. Liuzhou steel stated it plans to achieve a pig iron output of 11 million mt in 2013, while its coking plant is expected to provide all the coke required for production operations. In 2013, the steel producer’s coke output is foreseen to reach a target of 4.95 million mt.
In the January-November period of 2012, Liuzhou Steel produced 8.23 million mt of pig iron, up 2.15 percent year on year. Meanwhile, in the given period the company produced 8.5 million mt of crude steel and 9.67 million mt of finished steel, down 2.38 percent and up 1.88 percent respectively, both year on year.