Shougang Group achieves sales revenues of RMB 217 billion in 2013

In its preliminary results issued on January 14, Beijing-based Chinese steel producer Shougang Group has indicated that it achieved sales revenues of RMB 217 billion ($35.5 billion) in 2013, with a net profit of RMB 345 million ($56.4 million) for the year. In 2012, Shougang Group had recorded sales revenues totaling RMB 225.5 billion. Shougang Group also stated that it is targeting a net profit of at least RMB 400 million ($65.4 million) in 2014.