It is reported that in May this year northern Chinese steelmaker Jigang Group recorded a net profit of CNY 204 million up by CNY 254 million YoY and constituting its best monthly net profit result since the financial crisis.

In May, the company's sales revenues totaled CNY 2.731 billion up CNY 220 million YoY while its finished steel export volume amounted to 50,600 tonnes or USD 36.085 million in value up 3.58 and 5.12 times YoY respectively.

Jigang Group states that in the current year it has increased the share of high quality products in its output.

(Sourced from www.steelorbis.com)
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