It is reported that Shougang's Caofeidian based Shougang Jingtang Iron & Steel Corp has obtained a total of CNY 11 billion loans from five financial institutions led by the Agricultural Bank of China lately, enabling the company to achieve its peak capacity at the soonest.

As per report Shougang Jingtang Iron & Steel Corp prime steel project costs a total of CNY 67.7 billion. And it's expected that the project would boast 93.7 million tonnes of steelmaking capacity per annum after completing construction at 2010.