Hunan Province-based Chinese steelmaker Hunan Valin Iron and Steel Co. has announced that in 2013 it plans to produce 14.8 million mt of pig iron,15.51 million mt of crude steel and 15.07 million mt of finished steel.Meanwhile, the company expects to achieve finished steel sales of 15.07 million mt in the current year.
The company’s total planned fixed asset investment expenditure in 2013 is RMB 2.18665 billion ($348 million). In particular, RMB 809.3 million ($129 million) will be used for previously started projects, including equipment upgrades at Valin Xianggang and Valin Liangang, RMB 337.35 million ($54 million) will be invested in new projects, while RMB 104 million ($16.5 million) will be used for payments to be made for some completed projects.