December 02, 2008

Anyang Steel H1 sales revenue hits CNY 28 billion

It is reported that Henan based Anyang Steel in H1 2008 churned out 4.45 million tonnes of iron up 1.21 million tonnes, 5.13 million tonnes of crude steel up by 1.15 million tonnes and 4.49 million tonnes of finished products up by 1.22 million tonnes YoY respectively with sales revenue of CNY 28 billion up by CNY 13.4 billion from last year.

Anyang Steel also speed up energy saving production in the same period. In the first half, the steel mill generated 248 million KWH of electricity by using waste heat and energy, 126 million KWH more than the same time last year which lessened its power purchase costs by CNY 130 million.

The mill also gained CNY 5.69 billion of sales revenue by its non steel industry in the review period up by CNY 4.14 billion YoY.