Steel Union news, it is expected that Shougang Group will achieve 225.5 billion yuan sales revenue , and pay 6.75 billion yuan taxes in 2012.

We will strive to achieve 221 billion yuan sales income, and pay 6.55 billion yuan taxes in 2013. In the case of  steel industry losses, the non-steel industries got a profit of 5.17 billion yuan last year.

It is learned that, on the one hand, the price of imported ore and the bulk of the original fuel ups and downs. however the steel price is all the way down ,which are influenced by the international and domestic economic downturn, steel overcapacity and the fierce competition in the market; on the other hand,,because of the work which wasn’t done properly byShougang and some problems existed, it resulted in the loss of steel industry. though some painstaking efforts have been made by Shougang , the result is still not satisfactory.

                                                                                            XINSTEEL NEWS