It is reported that Jiangxi based Pingxiang Iron & Steel Co Ltd has achieved sales revenue of CNY 10.51 billion up by 75.11% YoY in the H1 of 2008 with pre tax profit of CNY 834 million up by 26.61% YoY out of which profit accounts for CNY 356 million up by 14.5% YoY and tax of CNY 478 million up by 37.43% YoY respectively.

As per report the mill produced pig iron of 1.8 million tonnes up by 11.9% YoY converter steel of 2.16 million tonnes up by 10.3% YoY and finished products of 2.18 million tonnes in the H1 of 2008 up by 11.8% YoY.