Benxi Steel's sales revenue up 10% year-on-year

Benxi Steel Group Corp's sales revenue exceeded 100 billion yuan ($16 billion) in 2012, up 10 percent year-on-year, the company said.

Unlike its battered rivals at home and abroad, the company was supported by exports.

In 2012, its exports contract volume reached 4 million metric tons, up 48 percent year-on-year, which contributed $2.3 billion.

The company, located in Benxi, Liaoning province, is one of the main iron and steel producers in China with an annual output of 20 million metric tons of high-quality steel products.

We recommend:
BJ-GZ HS to add 30b yuan to GDP annually	Great changes in Zhengzhou railway station	Wanda Group ventures onto the global stage
Sports car makers look to mainland market	Top Ten Economic Events in 2012	'Gold road' laid with gold bars