In its preliminary results issued on January 4, Hubei Province-based Chinese steelmaker Wuhan Iron and Steel Group Corporation (WISCO) stated that for 2010 it registered output volumes of 34.52 million mt for pig iron, 36.58 million mt for crude steel and 35.83 million mt for finished steel, up 16.97 percent, 20.55 percent and 22.63 percent year on year respectively. WISCO's pig iron output volume for 2010 ranks third in China and fifth in the world.
In its preliminary financial results for 2010, WISCO recorded sales revenues of RMB 185 billion ($27.95 billion) and a net profit of RMB 3 billion ($0.45 billion), up 32 percent and 20 percent respectively year on year.
WISCO also stated that by the end of China's 12th five-year plan period (2011-15) it plans to achieve annual sales revenues of RMB 250 billion ($37.76 billion).