Chinese Jiuquan Steel to increase steel production
According to recent news in the market, Chinese steel producer Jiuquan Iron & Steel Group Co Ltd will try to increase its steel output to around 5.5 million tons in 2005.
In line with 2005 targets of the company,
pig iron production will reach 5.26 million tons and steel products
production will reach 5.12 million tons.
Moreover, the company aims to increase its total income to Yuan 16 billion ($1.93 billion).