Jiangsu Province-based Chinese steel group Zhongtian Iron and Steel Group (Zhongtian Steel) has announced that in the current year its crude steel output is expected to exceed 7.5 million mt, while its operating revenue and pre-tax profit are expected to reach RMB 62 billion ($9.8 billion) and RMB 1.7 billion ($268 million) respectively.
In 2010, Zhongtian Steel's operating revenue totaled RMB 50 billion ($7.9 billion). In 2011, the company invested RMB 80 million ($12.6 million) to build an energy monitoring center and a 25,000 kW electricity power cogeneration complex. Meanwhile, its flue gas desulfurization project is scheduled to be put into operation in December 2011.