Jinxi Jinlan expects 61 percent rise in steel sales volume for 2011

Foshan-based Chinese steel producer Jinxi Jinlan Cold Rolled Sheets has announced that its total sales volume of steel products is expected to register an increase of 61 percent year on year in 2011.
 
In November this year, Jinxi Jinlan sold a total of 50,300 mt of cold rolled steel products and achieved a pre-tax profit of RMB 6.49 million ($1.02 million). In the first 11 months of the current year, the company's aggregate pre-tax profit came to RMB 63.67 million (approx. $10 million).
 
Meanwhile, Jinxi Jinlan expects to carry out a trial run at its new 100,000 mt capacity non-grain-oriented silicon steel mill at the end of the current month of December.