Shougang Confirms Overall Objectives in 2011-15

Shougang will set up a fresh innovation-driven development pattern, make its steel business stronger and more competitive while developing relevant industries in concert, and boost the transformation of its Beijing operations. By 2015, the group will achieve sales revenue of 341 billion yuan, an increase of 55 percent from 2010, and produce approximately 40 million tons of steel, up 28 percent, laying a foundation for its surge as one of the world first-class steel companies by 2020.