Anhui Province-based Chinese steelmaker Masteel has announced that in 2017 it achieved an operating revenue of RMB 73.228 billion ($11.6 billion), up 52 percent year on year, and a net profit of RMB 4.129 billion ($0.65 billion), up 236 percent compared to the net profit of RMB 1.229 billion it recorded in 2016.