Chinese state-owned steelmaker Shandong Steel Group has announced its main targets for 2010 as follows:
1. To achieve a fundamental improvement in production and business operations, including a pig iron output of 22.8 million mt, crude steel output of 21.4 million mt, finished steel output of 21.05 million mt, sales revenues of RMB 110 billion ($16.11 billion) and a net profit of RMB 4 billion ($585.84 million).
2. To meet the requirements of environmental protection and energy conservation, and to avoid work accidents.
3. To make substantial progress in preparation works for the construction of the Rizhao steel base.
4. To speed up the building of the group's internal management system and form the organizational structure for the group's operations.
5. To suitably improve employees' salary levels in order to promote the harmonious stability of the enterprise.