China’s Ansteel Group reported that the company’s operating income was CNY 58.83 billion in the first half of this year, falling by 16.3% compared to the same period a year ago. The net loss attributable to shareholders was CNY 1.346 billion, compared to a profit in the year-ago period.

During the period, the output of iron, steel, and materials totaled around 13.22 million tons, 13.83 million tons, and 12.62 million tons, up by 0.72%, up by 2.44%, down by 0.35% year on year, respectively.

Meanwhile, the sales of steel products reached approximately 12.79 million tons, a year-on-year decrease of 1.95%.