Taigang Stainless Steel’s H1 earnings up by 4%

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Publish time: 5th September, 2011      Source: ChinaCCM
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Shanxi Taigang Stainless Steel posted a net profit of RMB838 million in the H1 of 2011, up by 3.5% year on year.

In the meanwhile, its sales revenue grew by 5.57% from a year earlier to RMB45.84 billion and the steel production volume increased 0.35% to 4.99 million tons in the H1 of this year and its stainless steel production surged by 3.14% to 1.46 million tons.

However, the company expected that the growth rate of steel production volume will be lower in the latter half of this year due to the continuous high production cost.