Pangang Group Steel Vanadium & Titanium sets targets for 2012

Sichuan Province-based Chinese steelmaker Pangang Group has announced that its subsidiary Steel Vanadium & Titanium Co has outlined its targets for 2012, when it will focus on “lowering operating costs, improving investment performance, increasing internal reforms and innovating its business management.” In 2012, the company plans to produce at least 6 million mt of pig iron, 5.4 million mt of crude steel, and 240,000 mt of vanadium slag, while it also aims to reduce its costs by RMB 200 million ($31.59 million) during the year.

 

In 2011, Pangang Group Steel Vanadium & Titanium recorded a pig iron output of 6.15 million mt and a crude steel output of around 5.3 million mt.

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