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Taigang Stainless Steel Reports Declines in Steel Output in 1H 2016, Financial Report Shows
Aug 30, 2016 11:12CST
Source:SMM
Shanxi Taigang Stainless Steel produced 5.11 million tonnes of steel products in 1H 2016, down 0.48 per cent on a yearly basis, according to the company’s half-year financial report.

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. 

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