Wuhan Steel to increase steel production by 20%

One of the leading steel manufacturers in China, "Wuhan Iron and Steel Corp" plans to increase steel production in 2011 to 20.55%. It is reported Yieh Corp. According to the company's annual production of ore and steel in 2010 is expected to reach 34.52 million tons and 36.58 million tons respectively, up 16.97% and 20.55% on an annualized basis. As reported, "Wuhan Iron and Steel Corp", by 2015, expects to increase its steel output doubled to 60 million tons. In particular, sales of steel giant of this period reached 2.5 billion yuan (375,495,000 USD). The company "Wuhan Iron and Steel Corp" is the third largest steel producer in China. It is engaged in production of hot-rolled and cold-rolled steel, steel slabs and galvanized steel. Annual production company reach about 13.8 million tons. Ministry of Industry