JISCO expects revenue of RMB 82.68 billion in 2011

Gansu Province-based Chinese steel company Jiugang Steel Group Co. (JISCO) has said that it expects to exceed its targets for both its revenue and output value in 2011.
 
In 2011, JISCO's revenue is expected to amount to RMB 82.68 billion ($13.12 billion), which is equivalent to 118.1 percent of its target, while its output value is expected to reach RMB 64.94 billion ($10.31 billion) or 116 percent of the target. Meanwhile, for 2011 JISCO expects to record a pig iron output of 7.82 million mt, a crude steel output of 10.221 million mt and a finished steel output of 10.097 million mt.
 
In 2010, JISCO's output value had reached RMB 45 billion ($7.14 billion), up 20.5 percent year on year, while it had recorded a total revenue of RMB 55 billion ($8.73 billion), 36.2 percent higher than in 2009. In 2010, JISCO had recorded a pig iron output of 6.555 million mt, a crude steel output of 8.568 million mt and a finished steel output of 8.856 million mt, up 3.6 percent, 12.9 percent and 14 percent year on year, respectively.