Sunday, 06 Feb 2011
It is reported that Chongqing based Chinese steel producer Chongqing Steel Group announced its production data and financial results for 2010.
Accordingly, in 2010, Chongqing Steel produced 4.44 million tonnes of pig iron up by 37.67%, 4.56 million tonnes of crude steel rising by 38.94%YoY and 4.27 million tonnes of finished steel increasing by 32.65%YoY.
During the year in question, Chongqing Steel achieved a total sales income of CNY 22 billion increasing by 41.03%YoY. At the same time, its net profit amounted to CNY 310 million almost the same as in 2009. At the end of 2010, Chongqing Steel held assets with a total value of CNY 52.4 billion up by 38%YoY.
In 2010, Chongqing Steel shipbuilding plate sales reached 1.71 million tonnes ranking second in China. Meanwhile, Chongqing Steel sales income generated from non-steel sectors in 2010 came to CNY 8.731 billion accounting for 28.4% of the company total sales income.
In addition, Chongqing Steel stated that it has also made progress in the development of new products. In 2010, the steel producer rolled 614,500 tonnes of newly developed steel product and steel products with special requirements. (sourced:steelorbis.com)
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