JISCO Hongxing Steel issues output targets for 2012

31/12/2011 09:50 AST

According to Gansu Province-based Chinese steel company Jiugang Steel Group Co in the first eleven months this year the steel outputs of the steelmaking plant and rolling plant of its subsidiary Hongxing Iron & Steel Co totalled 2.18 million tonnes while the outputs of the plants are expected to reach 2.44 million tonnes for the full year.

In the current year up to the middle of December, the medium plate output of the steelmaking facilities in question totalled 920,000 tonnes while the output of medium plate for the full year is expected to reach 958,000 tonnes, up 150,000 tonnes as compared to 2010.

Mr Ruan Qiang manager of the steelmaking plant and rolling plant of Hongxing Iron and Steel said that the steel production capacity of the facilities would increase to 2.6 million tonnes in 2012. The high-speed wire rod lines No. 1 and No. 2 are expected to operate at full capacity in 2012 with respective annual output targets of 720,000 tonnes and 750,000 tonnes. Meanwhile, the medium plate output target for 2012 is expected to reach 920,000 tonnes including 60,000 tonnes of stainless steel.


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