Guangzhou Stee revenue hits 788m RMB in May

Local reports have said the latest statistics show Guangzhou Iron & Steel Corp Ltd has yielded 139,353 tons of crude steel and 114,198 tonnes of finished steel in May with sales revenue hitting a monthly record of CNY 788.21 million. The excellent performance was achieved against a backdrop of soaring prices for iron ore, coking coal and electrical power.

Guangzhou employers said a total of 94,116 tonnes of qualified pig iron has beenwas yielded in May.

Mr. Huang Zhiwei, senior official of the company, said the company aims to produce 1.5 million tonnes of crude steel this year, an increase of  26% from last year. He said :"We are confident to achieve the target."

Guangzhou Iron & Steel Corp Ltd has donated CNY 1.3 million to the disaster affected Sichuan province so far.