Benxi Steel's sales revenue up 10 pct 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.