In the January-November period of the current year, Yongcheng, Henan Province-based Chinese steel producer Minyuan Special Steel Co., a subsidiary of Henan-based Anyang Iron and Steel Group, achieved a total industrial output value of RMB 5.8 billion ($929 million), as announced by the municipal authorities in Yongcheng on December 4.
Minyuan Special Steel is the largest producer of construction materials and special steel products in eastern Henan, with fixed assets of RMB 2 billion ($318 million). Its annual output capacities of common carbon steel, ferronickel alloy, special steel and stainless steel are 2 million mt, 100,000 mt, 1.5 million mt and 150,000 mt respectively.