Xining Special Steel sees 74.87 percent fall in net profit in H1

Monday, 03 September 2012 15:11:40 (GMT+3)   |  
       

On August 30, Qinghai Province-based Chinese steelmaker Xining Special Steel Co. announced that in the first half of the current year it achieved an operating revenue of RMB 3.734 billion ($588.96 million) and a net profit of RMB 58.3388 million ($9.2 million), down 74.87 percent year on year.

In the given period, Xining Special Steel recorded a pig iron output of 664,000 mt, up 15.1 percent, a crude steel output of 737,700 mt, up 0.7 percent, a finished steel output of 687,300 mt, up 1.85 percent, an iron ore concentrate output of 698,700 mt, up 3.9 percent, and a coke output of 386,800 mt, up 4.51 percent, all compared to the corresponding period last year.


Similar articles

Ukraine’s ArcelorMittal Kryvyi Rih posts lower pig iron output due to Russia’s attacks on energy infrastructure

21 Mar | Steel News

Ukraine’s ArcelorMittal Kryvyi Rih posts increased outputs for January

01 Mar | Steel News

Metinvest’s pig iron and crude steel output down in 2023

21 Feb | Steel News

ArcelorMittal Kryvyi Rih’s capacity usage at 25-40% in 2023 due to impact of war

25 Jan | Steel News

Ukraine’s Metinvest sees lower pig iron and crude steel outputs in Jan-Sept

16 Nov | Steel News

Mechel’s output and sales mainly decrease in H1

31 Aug | Steel News

Metinvest’s pig iron and crude steel output fall in H1

18 Aug | Steel News

Russia’s Mechel posts higher crude steel and pig iron outputs for Q1

01 Jun | Steel News

Ukraine’s Metinvest posts higher pig iron and crude steel outputs for Q1

16 May | Steel News

Russia’s Mechel posts slightly higher crude steel and pig iron outputs for 2022

24 Mar | Steel News