Ansteel Group targets annual gross profit of RMB 10 billion by 2025

Wednesday, 31 March 2021 14:50:23 (GMT+3)   |   Shanghai

Liaoning Province-based Anshan Iron and Steel Group (Ansteel Group) has stated that by 2025 it plans to achieve annual crude steel and iron ore production of 70 million mt and 50 million mt, respectively, as well as an annual operating revenue of RMB 300 billion ($45.7 billion) and a gross profit of RMB 10 billion ($1.5 billion).

In the 2021-25 period, Ansteel Group said it will follow the general approach of raising quality and efficiency of development and reducing emissions.

Most Recent Related Articles

Ansteel’s net profit up 10.69 percent in 2020

Valin Steel’s net profit up 46% in 2020, steel output up 10%

Shandong Steel’s net profit up 24.8 percent in 2020

Nanjing Steel’s net profit increases by 9.2 percent in 2020

Masteel’s net profit up 75.74% in 2020, crude steel output up 5.7%