It is reported that in 2010, Jinxi Steel Group produced crude steel of 8.25 million tonnes and ranks the first among the private steelmakers in Tangshan. The profit index increased by above 20%YoY and ranks the first among the private steelmakers in Tangshan.

The company realized export of USD 200 million. Jinxi Steel Group plans to actualize sales revenue of CNY 50 billion and steps into top 100 enterprises in China during the 12th Five Year Plan period.

As per report, Jinxi Steel Group will improve and enhance production capacity of its subsidiaries like Jinxi Zhengda and Jinxi Wantong and achieve production capacity of 13 million tonnes by merger and restructuring. In addition, Jinxi Jinlan Company will continue building the largest CR metals production base in South China areas.

Domestic steel sheet pile products are monopolized by Japanese and South Korea enterprises because there are no domestic steelmakers having the ability to produce a great amount of steel sheet pile. Jinxi is also planning to invest in steel sheet pile production.

It is reported that Hebei Jinxi Steel Group and ArcelorMittal Steel Group Company are conducting the final discussion and actually don’t know when they can get government approval.

(Sourced from MySteel.net)
Visit www.Mysteel.net for real time access to China steel news!