Hengsteel targets sales revenues of RMB 7.8 billion in 2014

Hunan Province-based Chinese steelmaker Hengyang Valin Steel Tube Co. (Hengsteel), a subsidiary of Hunan Valin Iron and Steel Group Co., has announced that in 2014 it aims to produce 920,00 mt of pig iron, 1.38 million mt of crude steel and 1.4 million mt of steel pipes. In addition, Hengsteel is targeting sales revenues of RMB 7.8 billion ($1.27 billion) in 2014.