December 02, 2008

Qingdao Steel H1 sales revenue up by 42.69% YoY

It is reported that Qingdao Iron & Steel Group in H1 2008 reaped CNY 21.4 billion of sales revenue up by 42.69% YoY or CNY 6.42 billion from CNY 15 billion of the same time last year with value added tax of CNY 385 billion up by 9.7% YoY or CNY 34.04 million from CNY 350 million of last year.

As per report, the mill edged to the No 2 place in terms of value added tax from No 3 last year in local, only next to Haier Group.