Masteel posts 43.94 percent rise in net profit for 2018

Monday, 25 March 2019 10:35:40 (GMT+3)   |   Shanghai
       

Anhui Province-based Chinese steelmaker Masteel has announced that in 2018 it registered an operating revenue of RMB 81.952 billion ($12.2 billion), up 11.91 percent year on year, and a net profit of RMB 5.943 billion ($0.89 billion), rising by 43.94 percent year on year.

In 2019, Masteel’s parent company Ma’anshan Iron and Steel Group plans to produce 17.72 million mt of pig iron, 19.21 million mt of crude steel and 18.20 million mt of finished steel, down 1.56 percent, 2.19 percent and 2.67 percent year on year, respectively.


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