Shougang will increase steel production by 2012

Renowned Chinese Shougang Metallurgical Company in 2012 will increase the volume of steel production to 30 million tons. This was stated in the Group. As is known, Shougang has cut prices for steel products for delivery in December at 25 yuan / ton. The cost of the wire was 3805 yuan / ton (571 U.S. $ / ton), and reinforcement - 3,765 yuan / ton (565 U.S. $ / ton). Previously reported that Shougang the end of 2010 to stop the last blast furnace at the plant in Beijing. The unit is put out of action in accordance with the policy of the Chinese government to reduce the number of steelmakers, which are highly polluting and consume large amounts of energy and water. Recall that Shougang in the III quarter of 2010 compared to same period in 2009 reduced net income by 24.84% to 239 million yuan (35.7 million dollars). At the same time, the turnover of the producer grew by 21.62% to 1.07 billion dollars Total YTD profit Shougang decreased by 28.58% to 44.1 million dollars, and turnover - up 27 , 88%, to 3.2 billion USD company Shougang Group is the fourth largest steel producer in China. Holding was established in 1919. Ministry of Industry