September 07, 2008

Qinggang sales income in 2007 up by 16.5% YoY

It is reported that in 2007, Qingdao Iron and Steel Group produced 3.39 million tonnes of iron, 3.27 million tonnes of steel and 3.1893 million tonnes of finished steel increasing 1.19%, 0.56% and 0.98% from those in 2006.

In 2007, the group had a production value of CNY 25.014 billion increasing 17.17% from that of 2006. Meanwhile, Qinggang realized sale income CNY 28.2 billion up by 16.52% from that of 2006; revenues CNY 1.154 billion up by 8.33%; profits CNY 368 million up 38.38%; profit per tonne steel came to CNY 113 up by 57%.