[Ferro-Alloys.com] 

Recently, CITIC Special Steel (CITIC Pacific Special Steel Group Co., Ltd.) issued 2020 performance report. According to preliminary accounting data, in 2020, CITIC Special Steel achieved operating income of 74.728 billion yuan, an increase of 2.9% over the same period last year.  

In 2020, CITIC Special Steel achieved a net profit of 6.0024 billion yuan, an increase of 11.84% over the same period last year. Basic earnings per share was 1.19 yuan， an increase of 11.21% over the same period last year.  

During the reporting period, the net profit growth of CITIC Special Steel benefited from the increase of production and sales, the effect of pressure drop cost and cost was remarkable, the variety structure was further optimized and improved, and the sales volume of high-end products increased by a large margin.  

CITIC Special Steel is a subsidiary of China Citic Co., Ltd., Jiangyin Xingcheng Special Iron and Steel Co., Ltd., Daye Special Steel Co., Ltd., Qingdao Special Iron and Steel Co., Ltd., Jingjiang Special Steel Co., Ltd., Tongling Taifu Special Materials Co., Ltd., Yangzhou Taifu Special Materials Co., Ltd., Taifu Special Steel Suspension Co., Ltd., and Zhejiang Taifu Seamless Steel Pipe Co., Ltd the strategic layout of the coastal industrial chain along the Yangtze River.

With an annual production capacity of production capacity of more than 13 million tons of special steel, with advanced technology and equipment in the world, with alloy steel bar, special medium-thick plate, special seamless steel pipe, special forging, alloy steel wire, continuous casting alloy round billet six product groups, as well as tempering materials, silver bright materials, automotive parts, grinding ball and other deep processing products series, the products sold all over the country and exported to the United States, Japan and the European Union, Southeast Asia and more than 60 countries and regions.