Hebei Steel increased its steel exports

Chinese steelmaker Handan Iron and Steel, a subsidiary of Hebei Iron and Steel Group, has exported 325.6 thousand tons of steel products. It is reported SteelOrbis. In particular, the products have been exported to countries such as Russia, Britain, the Middle East, South Africa and East Asia. In Handan Steel also said that in 2011 the company plans to further increase exports of high-tech steel products. Recall, Hebei Steel in 2010 compared with 2009 steel production increased by 6,4%, to 44.78 million tons. In turn, the operating income of the corporation rose 24.35, to 220 billion yuan (33.3 billion dollars). Profit before tax rose by 33.3% amounted to 8.1 billion yuan (1.23 billion dollars). Hebei Steel was formed in 2008 through the merger of "Tangshan Iron & Steel Group" and "Handan Iron & Steel Group", the company which are located in China's Hebei Province. In 2009, the holding company Hebei Iron and Steel Group produced 40.2 million tons of steel. Ministry of Industry