China’s Shaoguan Steel sets main targets for 2010

Guangdong Province-based Chinese steelmaker Shaoguan Steel has lately announced its main targets for 2010, which include pig iron output of 5.3 million mt, crude steel output of 5.3 million mt and finished steel output of 5 million mt. Meanwhile, in 2010 the producer is targeting sales revenues of RMB 18 billion ($2.64 billion), with a net profit of RMB 260 million ($38.08 million).