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.