December 02, 2008

Desheng Steel\'s H1 2008 sales Revenue up by 75% YoY

It is reported that Yunnan-based Desheng Iron & Steel Co Ltd has achieved sales revenue of CNY 2.85 billion in H1 of 2008 up by 75% YoY or CNY 1.22 billion from the same time last year, with value added tax of CNY 134 million up by 118.6% YoY or CNY 72.41 million over last year.

Desheng Steel was founded in August 2000 and now is the largest privately owned steel enterprise in Yunnan province, with annual production capacity of 1.5 million tonnes of iron and crude steel respectively.