Hebei Province-based Chinese steelmaker Shougang Group has said that by the end of China's 12th five-year plan period (2011-2015) it plans to achieve RMB 341 billion ($51.74 billion) in annual sales revenues, up 55 percent over 2010, with sales revenues in the Beijing area expected to reach RMB 100 billion ($15.17 billion). By 2015, Shougang Group plans to produce 40 million mt of total crude steel output per year, 28 percent higher than the volume in 2010.
Shougang Group said that in 2010-15 it will develop its steel business in northeastern, southwestern and northwestern China. It will establish a plate and strip production base with subsidiary companies Shougang Jingtang United Iron and Steel, Shougang Qian'an Iron and Steel and Shunyi Cold Rolled Sheet as major producers. It will establish a wide plate production base with subsidary Shouqin Steel Company as its major producer, and will establish low-cost construction steel and mechanical steel bases with subsidaries Tonghua Iron and Steel, Shougang Shuicheng Iron and Steel, Shougang Changzhi Iron and Steel, and Shougang Yili Iron and Steel as its major producers. It will establish a premium steel production base with Guiyang Special Steel as its major producer.
By 2015, Shougang Group expects its non-steel business to achieve annual sales revenues of RMB 157.3 billion ($23.87 billion).