On January 3, Chinese steelmaker Chongqing Iron and Steel (Group) Co. announced that in 2014 it plans to produce 6.42 million mt of pig iron, 6 million mt of crude steel, 5.65 million mt of finished steel and 3.065 million mt of coke. The steel producer is also targeting sales revenues of RMB 27 billion ($4.41 billion) in 2014.
At the start of 2013, Chongqing Iron and Steel Group had set 2013 production targets of 6.8 million mt of pig iron, 7 million mt of crude steel, 6.58 million mt of finished steel and 3.15 million mt of coke, while it had set a sales revenue target of of RMB 34 billion ($5.55 billion) for the year.