Henan Province-based Chinese steelmaker Anyang Iron and Steel Group Co. has announced that it plans to produce 7.75 million mt of crude steel, 8.3 million mt of pig iron and 6.7 million mt of finished steel in 2013. Meanwhile, in 2013 the company expects to achieve annual sales revenue of RMB 26.8 billion ($4.3 billion).
In addition, the fixed assets investments of Anyang Steel in 2013 are expected to total RMB 811 million ($129 million). In particular, the company plans to invest RMB 108 million ($17 million) in six projects, including Anyang Energy Center, quenching and heating equipment for plate production, quality-testing equipment for a 1,780 mm continuous hot rolling line, and other three upgrade projects. Meanwhile, it will also invest RMB 700 million ($116 million) in its new cold rolled sheet project.