Taigang Stainless Steel Reports Declines in Steel Output in 1H 2016, Financial Report Shows

SHANGHAI, Aug. 30 (SMM) – During the first half of 2016, Shanxi Taigang Stainless Steel produced 5.11 million tonnes of steel products, down 0.48 per cent on a yearly basis, according to the company’s half-year financial report.  

Over the period, the company’s stainless steel output was 2.05 million tonnes, accounting for 48.75 per cent of year’s plan, the report said. 

According to the report, operation revenue totaled 25.12 billion yuan in 1H 2016, down 29.13 per cent on a yearly basis, including 16.19 billion yuan from stainless steel, off 12.37 per cent year-on-year. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.