December 03, 2008

Angang to reach 50 million tonnes by 2010

According to Mr Zhang Wangqing of steel export department of Angang Group International Trade Corporation the steel output of Angang predicted to reach 50 million tonnes till the year of 2010.

Mr Zhang Xiaogang GM of Angang Group said crude steel output of the company this year predicted to reach 19 million tonnes.

82.83% steel output of Angang was sold to domestic market at present, only 17.17% was sold to foreign market. Steel demands in domestic market remained strong because of the rapid economic development, therefore Angang will give priority to domestic steel supply, at the same time, they are likely to involve in the stainless steel field at present.