Masteel sees seven percent rise in operating revenue in 2016

Anhui-based Chinese steelmaker Masteel has announced in its annual report that in 2016 it registered an operating revenue of RMB 48.275 billion ($7.02 billion), up 7.02 percent year on year, with a net profit of RMB 1.228 billion ($178.49 million), compared to the net loss of RMB 4.804 billion it recorded in 2015.