In the whole year of 2013, Guangxi based Liuzhou Steel has produced 10.33 million tonnes of pig iron, 10.73 million tonnes of crude steel and 13.19 million tonnes of steel products in face of extreme harsh situation. Meanwhile, the company has realized operating revenue of CNY 61.2 billion and profit of CNY 220 million.

In 2013, steel price slumped another CNY 400 per tonne to CNY 500 per tonne on the basis that 2012 figure was CNY 900 per tonne lower than 2011. However, iron ore price once surged to USD 140 per tonne to USD 160 per tonne and kept at USD 130 per tonne for a long time. Most of Chinese steelmakers suffered losses and Liuzhou Steel was no exception.

Nevertheless, the company took measures to lower cost and increase competitiveness in the market, finally sustaining its leading position in the industry.