Anhui Province-based Chinese steelmaker Masteel has announced that it has recorded an operating revenue of RMB 21.001 billion ($3.14 billion) for the first half of the current year, down 10.4 percent year on year, with a net profit of RMB 453 million ($67.81 million) compared to a net loss of RMB 1.237 billion in the same period of 2015.
In the first half this year, Masteel produced 6.59 million mt of pig iron, 7.01 million mt of crude steel and 6.56 million mt of finished steel, rising by 1.52 percent, increasing by 1.16 percent and decreasing by 2.74 percent year on year, respectively.