It is reported that in the H1 of the current year Chinese steelmaker Taiyuan Iron and Steel Co Ltd had a steel output of 4,970,400 tonnes up by 5.93%YoY of which stainless steel output reached 1,412,700 tonnes up by 20.61%YoY.

Taiyuan Iron and Steel sales revenues amounted to CNY 56.814 billion for the period in question up by 41.82%YoY while its net profit came to CNY 987 million.

Taiyuan Iron and Steel has been focusing on adjusting its product mix and developing high value added products in order to boost its sales performance. Its sales volumes of dual-phase steel, heat-resistant steel and steel for nuclear power plant applications increased by 125% YoY, 24% YoY and 501%YoY respectively in the first half of the current year.

Sales volumes of wide cold rolled sheet exceeded the levels of last year, while the company also developed several kinds of ultra pure ferrite and stainless steel strip surfacing. Many of the steelmaker products are used in key national projects. The company has also developed ultra thick X52 pipeline steel.

(Sourced from www.steelorbis.com)
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