In the first half this year, Shangang Group Laiwu Steel produced steel 7.075 million tons, pig iron 7.257 million tons, and commercial billet 7.049 million tons, with respectively 18.6%, 10.4% and 18.7% increase year-on-year.
Meanwhile, Laiwu Steel exported steel products increased by 11.3% year-on-year to 291 thousand tons, and foreign exchange earning totaled 212.98 million USD, with 29.9% growth with the same comparison.
In January to June, the direct selling rate reached 53.1%, and average domestic steel booking prices for Laiwu Steel was 4978 RMB per ton, and the average price in June was 5094 RMB per ton, it is the third months in a row that average prices above 5000 RMB per ton.