Jilin Province-based Chinese steelmaker Shougang Tonggang Group, a subsidiary of Shougang Group, has announced that in August this year its net profit reached RMB 71.26 million ($11.17 million), increasing by RMB 208.91 million ($32.74 million) year on year.
Meanwhile, in the first eight months of the current year, Shougang Tonggang's net profit amounted to RMB 436.49 million ($68.42 million), rising by RMB 618.41 million ($96.93 million) year on year.
In addition, in the January-August period, Shougang Tonggang's pig iron and finished steel outputs reached 3,703,361 mt and 3,595,819 mt, increasing by 3.84 percent and 4.09 percent year on year respectively