Hebei Province-based Chinese steelmaker Hebei Iron and Steel Co. Ltd, listed subsidiary of Hebei Iron and Steel Group (HBIS), has issued its financial results for 2014, announcing an operating revenue of RMB 98.257 billion ($15.85 billion), down 10.88 percent year on year, and a net profit of RMB 697 million ($112.42 million), rising by 500.1 percent year on year.
In 2014, Hebei Steel produced 30.26 million mt of pig iron, 30.84 million mt of crude steel and 29.60 million mt of finished steel.
As for 2015, the company plans to produce 30.89 million mt of pig iron, 30.75 million mt of crude steel and 29.29 million mt of finished steel.