OREANDA-NEWS. April 05, 2012. Masteel posted a 93.7 percent fall in 2011 net profit to 69.60 million yuan, or 0.009 yuan in earnings per share, the company said in its annual report, as the prices of primary steel products dropped.

The company recorded operating revenue of 86.84 billion yuan.

It produced 16.05 million tons pig iron, 16.68 million tons of crude steel and 15.91 million tons of steel products last year, up 10.23 percent, 8.36 percent and 8.27 percent respectively year-on-year.