Shandong Iron and Steel Group targets 15.60 million tons of crude steel output in 2020
2020-03-20 16:48:15 [Print]
According to the annual report of Shandong Iron and Steel Co., Ltd. disclosed in the evening of March 19, the company's operating revenue in 2019 was 71.092 billion yuan (USD10.01 billion), and the net profit attributable to the shareholders of the listed company was 579 million yuan (USD81.56 million); the annual cumulative production of iron was 12.13 million tons, steel 13.79 million tons, and steel products (including commercial billets) was 13.51 million tons, up by 33.2%, 33.7%, and 35.0% YOY respectively.
According to the announcement, the main project of Rizhao Iron and steel boutique base has been completed and put into operation in April 2019. In 2019, 6.48 million tons of pig iron, 6.64 million tons of crude steel and 6.15 million tons of steel (including commercial billets) was produced. Rizhao boutique base has been put into production and achieved goals, making the company's production and sales volume increase significantly compared with the previous year.
Shandong Iron and Steel said that the main target in 2020 is to produce 13.7 million tons of pig iron, 15.6 million tons of crude steel and 15.3 million tons of steel (including commercial billets).
According to the announcement, the main project of Rizhao Iron and steel boutique base has been completed and put into operation in April 2019. In 2019, 6.48 million tons of pig iron, 6.64 million tons of crude steel and 6.15 million tons of steel (including commercial billets) was produced. Rizhao boutique base has been put into production and achieved goals, making the company's production and sales volume increase significantly compared with the previous year.
Shandong Iron and Steel said that the main target in 2020 is to produce 13.7 million tons of pig iron, 15.6 million tons of crude steel and 15.3 million tons of steel (including commercial billets).
