Hubei Province-based Chinese steelmaker Wuhan Iron and Steel Co., a subsidiary of Wuhan Iron and Steel (Group) Corp. (WISCO) has issued its financial report for 2014, announcing an operating revenue of RMB 99.373 billion ($16.028 billion) for the given year, down 2.09 percent year on year, and a net profit of RMB 1.257 billion ($0.203 billion), up 124.13 percent year on year.
In 2014, Wuhan Iron and Steel Co. produced 19.51 million mt of pig iron, 19.89 million mt of crude steel and 18.57 million mt of finished steel.
As for 2015, Wuhan Iron and Steel Co. plans to produce 16.20 million mt of pig iron, 16.45 million mt of crude steel and 15.10 million mt of finished steel.