Shanxi Province-based Chinese steelmaker Jincheng Fusheng Steel Co. has announced that in January this year it successfully commissioned its 80 mt converter furnace No. 3 as well as its 1,380 cubic meter blast furnace (BF) No. 4.
In 2010, Jincheng Fusheng Steel's total fixed asset investment reached RMB 5.6 billion ($888.88 million). In 2011, the company's outputs of pig iron, crude steel and finished steel totaled 2.44 million mt, 2.21 million mt and 2.1 million mt respectively. Meanwhile, it also achieved sales revenue of RMB 8.53 billion ($1.35 billion) in 2011.