China Metallurgical News reported that Hunan Valin Group Hengyang Steel Tube Co Ltd has ensured its monthly profit of over CNY 60 million on average in the second half of this year through product mix readjustment amid the market downturn. The mill realized CNY 70.12 million of profits in September and CNY 65.32 million in October.

The tube maker endeavored to advance its products mix to high grade, high-tech, and high value added products and fulfill the shift from standard products to ones with independent intellectual property rights in 2007. Last year, its specialized tubes were posted at 0.74 million tonnes accounting for 74% of the total, of which the high-tech and high value-added products were concluded at 0.41 million tonnes, 41% of the total.

Due to the product mix improvement, the mill's monthly profits are all recorded at over CNY 60 million in June, July and August and CNY 21.86 million more than the designed profit level in September. Whereas In October Valin Hengsteel, one of the three largest specialized seamless steel pipe producers in China, produced 91261 tonnes of pipes, 11060 tonnes of P110 high grade oil casing pipe, 4941 tonnes of acid-resistant pipes and 350 tonnes of special thread casing.

Up to now, the mill's specialized steel tube products have occupied over 80% in proportion.