Chinese stainless steel maker becomes world's No.1

09:13, January 20, 2011      

Email | Print | Subscribe | Comments | Forum 

Taiyuan Iron & Steel (Group) Co., Ltd. (TISCO) in north China's Shanxi Province maintained its world leading position in stainless steel production, which rose 9.68 percent year on year to 2.72 million tonnes in 2010, the company said in a statement Tuesday.

Steel production at TISCO reached 9.59 million tonnes in 2010, up 1.37 percent year on year, said Hu Yuting, general manager of TISCO.

In contrast, operating revenues jumped 10.07 percent to 111.5 billion yuan ($16.9 billion) and profits soared to 2.5 billion yuan ($379 million), or up 140.38 percent year on year during the same period, Hu said.

TISCO is expected to produce 11.26 million tonnes of steel this year, including 3 million tonnes of stainless steel, with operating revenues hitting 125 billion yuan ($18.9 billion).

Founded in 1934, TISCO has become the largest stainless steel producer in the world.

Source: Global Times
  • Do you have anything to say?


Special Coverage
  • Focus On China
  • Shanghai World Expo 2010
Major headlines
Editor's Pick
  • Artistic students prepare intensively for upcoming MAAT
  • Russia opens ice channel to China
  • Berlin Fashion Week continues
  • E. China's Jiangsu issues snow warning after 40-hour snowfall
  • Heavy snowfall causes traffic chaos in S China
  • Fake, shoddy goods destroyed in Chongqing
Hot Forum Dicussion