Masteel achieves doubling of net profit in H1

Anhui Province-based Chinese steelmaker Masteel has announced that in the first half of the current year it achieved an operating revenue of RMB 40.063 billion ($5.87 billion), up 13.86 percent year on year, and a net profit of RMB 3.429 million ($0.5 billion), increasing by 108.62 percent year on year.