Shagang Group named as China’s top private sector company in 2010

Wednesday, 01 September 2010 12:01:06 (GMT+2)

The All-China Federation of Industry and Commerce (ACFIC) and China Minsheng Banking Corporation Ltd lately held a press conference in Beijing during which they revealed the top 500 list of Chinese private sector companies in 2010, with Chinese steelmaker Shagang Group ranking first in the list.

Meanwhile, Shagang Group has announced that in the first half of the current year it produced 12.18 million mt of pig iron, 14.53 million mt of crude steel, 13.91 million mt of finished steel, up 16 percent, 16 percent and 27 percent year on year respectively. Shagang Group's sales revenues for the period in question reached RMB 84.66 billion ($12.41 billion), up 36 percent year on year.

US$1 = RMB 6.81

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