The output value of Jinan-based Chinese steelmaker Shandong Iron and Steel Group (SISG) reached RMB 28.792 billion ($4.42 billion) in the first quarter of the current year, up 23.42 percent year on year.
In Q1, SISG produced 6.0314 million mt of crude steel, 6.3932 million mt of pig iron and 6.0873 million mt of finished steel, indicating increases of 19.72 percent,15.21 percent and 20.88 percent year on year ,respectively.