Masteel Group’s steel output up 5.75% in 2020, to fall slightly in 2021

Wednesday, 13 January 2021 15:00:04 (GMT+3)   |   Shanghai

Anhui Province-based Masteel Group has announced that its steel output amounted to 20.97 million mt in 2020, increasing by 1.14 million mt or 5.75 percent year on year and hitting a new historical high. Meanwhile, Masteel Group posted an operating revenue of RMB 100 billion ($15.5 billion) for 2020.

At the same time, it stated that it will try its best to produce 20.55 million mt of steel in 2021 against the backdrop of 100-day maintenance works on its blast furnace.

$1 = RMB 6.4605 

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