On February 6, Jiangxi Province-based Chinese steelmaker Fangda Special Steel issued its financial results for 2012.

Accordingly, in 2012 the company registered an operating revenue of RMB 13.355 billion ($2.1 billion), up 0.16 percent compared to 2011, while its net profit totaled RMB 523 million ($83 million), down 27.61 percent year on year.

In 2012, Fangda Special Steel produced 2.9544 million mt of pig iron, 3.2831 million mt of crude steel and 3.2717 million mt of finished steel, up 24.78 percent, 25.37 percent and 21.31 percent respectively, year on year.

In the given year, the company’s total industrial output value amounted to RMB 12.942 billion ($2.1 billion), up 2.07 percent compared to 2011.

Meanwhile, in 2012 Fangda Special Steel produced 148,400 mt of plate springs for use in automotive vehicles, down 7.65 percent. and 323,500 mt of automotive stabilizing bars, up 34.81 percent, both year on year.