China Steelmakers Look for Non-Steel Sections
OREANDA-NEWS. February 13, 2012. Jinan Steel is accelerating its transformation toward non-steel sectors by striving to reach sales revenue of up to 40 billion yuan and profits of three billion yuan to be generated from its nine non steel portfolios by 2015.
These sectors include mining, steel structures, metallurgical charging, real estate, etc.
Besides Jinan Steel, Wuhan Steel, Benxi Steel, Masteel, Pingxiang Steel, Shagang and Hebei Steel have drawn up targets of sharpening the steel operations as a main business while making the non-steel business bigger and more specific.