Shandong Province-based Chinese steelmaker Shandong Iron and Steel Group Co., Ltd (Shandong Steel) has announced that it recorded an operating revenue of RMB 21.96 billion ($3.29 billion) for the first half of the current year, down 4.54 percent year on year, with a net profit of RMB 23.1513 million ($3.47 million), rising by 210.57 percent year on year.
In the given period, Shandong Steel produced 3.72 million mt of pig iron, 4.27 million mt of crude steel and 3.79 million mt of finished steel, equivalent to 47.09 percent, 46.16 percent and 44.33 percent of the company’s annual output targets, respectively.