Hunan Province-based Chinese steelmaker Hunan Valin Xiangtan Iron and Steel Co., Ltd (Valin Xiangtan Steel), a subsidiary of Hunan Valin Iron and Steel Group Co. (Valin Group), has announced that it recorded sales revenues of RMB 30.0 billion ($4.5 billion) in the first half of the current year, up 101 percent year on year.