Hubei Province-based major Chinese steel producer Wuhan Iron and Steel Group (WISCO) has estimated that in 2012 it will achieve outputs of 35.27 million mt of pig iron, 36.31 million mt of crude steel and 36.9 million mt of finished steel, down 0.95 percent, 3.63 percent and 1.47 percent year on year respectively. Furthermore, WISCO expects its sales revenues in 2012 to total RMB 200 billion ($32 billion), decreasing slightly year on year.
In 2011, WISCO’s outputs of pig iron, crude steel and finished steel had amounted to 35.61 million mt, 37.68 million mt and 37.45 million mt respectively, while its sales revenues had exceeded RMB 210 billion ($33.7 billion).