Xinyegang Steel s H1 profits surge

From January to June of 2010, Hubei Xinyegang Steel s output of crude steel, pig iron, coke and tube was up 19.81 percent, 7.95 percent, 6.11 percent and 29.43 percent, respectively, from a year earlier. Its after-tax profits sharply jumped by 112.53 percent year-on-year. The company also took the lead in the industry performances in terms of cost management, sales margins and asset-liability ratio.