Gansu Province-based Chinese steel company Jiugang Steel Group Co. (JISCO) has announced that its subsidiary Hongxing Iron and Steel Co. (Hongxing Steel) is targeting an operating revenue of RMB 8.8 billion ($1.39 billion) for the month of June.
Also in June, Hongxing Steel plans to produce 664,000 mt of pig iron, 866,000 mt of crude steel and 860,000 mt of finished steel products. The subsidiary company hopes to achieve half of these output targets by mid-June.