According to Chinese giant steelmaker Hebei Iron and Steel Group, its subsidiary Tangshan Iron and Steel Group (Tangsteel) recorded strong sales results for its main products in the January-August period of the current year.
In January-August this year, Tangsteel's total steel product sales amounted to 2.817 million mt. In the given period, Tangsteel's sales of its auto steel, steel for the oil sector, steel for household appliances and welding quality wire rod increased by 23.2 percent, 128.5 percent, 31.9 percent and 347.3 percent respectively as compared to the same period last year.