China Metallurgical News reported that Taiyuan Iron and Steel Group Co Ltd have worked out a series of measures to cope with the financial crisis. Only in the H1 year, the company added profit and reach to CNY 0.221 billion by products mix optimization.

As per report, facing the extremely shrinking market demands, Taigang insisted on developing new products to meet market and customers demands. During January to June, the sales volume of stainless steel was up by 20.16%YoY and that of 400 series stainless steel up by 10.44%.

Besides, they have successfully developed hi strength auto crossbeam steel T750L and hi strength TQ960MC steel with 240,000 tonnes of pipeline steel sending to West east Natural Gas Transportation Project breaking new breakthroughs in the other industries.

In the following six months, Taigang will fully exert its technology and facility advantages in the high end industry and hi end market etc by products mix optimization and the enhancement of core competitiveness.

(Sourced from China Metallurgical News)