Jiangxi Province-based Chinese steel producer Xinyu Iron and Steel Co., Ltd (Xinyu Steel) aims to realize sales revenue of RMB 45 billion in 2011. The steelmaker plans to produce 9.2 million mt of pig iron, 10 million mt of crude steel and 9.96 million mt of slab during the year in question.
Xinyu Steel is the largest producer of steel plate in China.