Chongqing Iron and Steel company produced 6.11mn mt of iron and 6.72mn mt of steel in 2019, up by 7.62pc and 5.36pc, respectively, compared a year ago. The company produced 6.42mn mt of steel products in 2019, up by 5.18pc from the prior year. Sales volume of steel products (rolled steel billet) was 6.50mt mt, up by 7.62pc from the prior year.

 

For 2019, Chongqing reported an operating income of CNY23.47bn, up by 3.70pc from a year ago, while net profit was CNY926mn, down by 48.23pc due to increase in raw materials prices, including iron ore, scrap steel, coal and alloy.  

 

Chongqing has an annual iron and steel production capacity of 8.4mn mt. The company is engaged in manufacturing 4100mm wide main production lines and thick plate; 2700mm medium plate; 1780mm hot-rolled sheet and high-speed wire rods and bars. 

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