According to Shandong Province-based Chinese steelmaker Shandong Laigang Yongfeng Steel & Iron Co, in the January-November period of the current year its sales revenue totaled RMB 14.1 billion ($2.23 billion), up by RMB 4.9 billion ($ 0.775 billion) as compared to the same period last year.
Located in the county of Qihe in Shandong, Shandong Laigang Yongfeng Steel has developed from a small-scale
steelmaking facility into the largest steel enterprise in the northwest of Shandong Province, with an annual output capacity of 3.5 million mt.