Metal Products News
- Shougang plans to boost production
Date: 30-Mar-2007 Sources: (Shenzhen Daily)
SHOUGANG Corp., China's third-largest steelmaker, plans to make 20 million tons of steel in 2010, up from 10.5 million tons last year, the China Daily reported Thursday, citing a top executive at the steelmaker.
Shougang, which holds an 81 percent stake in Shenzhen-listed Beijing Shougang Co., will also cut the number of its workers to 65,000 by 2010, from 82,500 in 2006, said chairman Zhu Jimin, according to the report.
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