On December 5, Guizhou Province-based Chinese steelmaker Shuicheng Iron and Steel (Group) Co., a subsidiary of major Chinese steel producer Shougang Group, announced that in November this year it produced 394,913 mt of pig iron, 440,423 mt of crude steel and 435,513 mt of finished steel, respectively up 3.4 percent, 6.5 percent and 10.9 percent month on month.
Additionally, in November Shuicheng Steel’s finished steel product sales totaled 429,990 mt, while the company managed to break even in the given month on the back of these sales. In October, Shuicheng Steel had recorded a net loss of RMB 31 million ($4.97 million).