Fujian Province-based Chinese steelmaker Fujian Sangang Minguang Co. (Sangang Minguang) has announced that in the first quarter of the current year its operating revenue amounted to RMB 14.523 billion ($2.2 billion) and its net profit reached RMB 924 million ($142.4 million), up 36.28 percent and 61.87 percent, respectively, year on year
Sangang Minguang’s annual crude steel production capacity totals 12.0 million mt.