Shandong Province-based Chinese steelmaker Jinan Steel has announced its principal targets for 2010, including targeted sales revenues of RMB 35 billion ($5.13 billion), with net profit of RMB 730 million ($106.92 million), a crude steel output of 12.07 million mt, pig iron output of 12.12 million mt and finished steel output of 12.07 million mt.

In addition, in 2010 the steel producer is targeting lower iron-making costs than the industry average, steel sales prices which will be higher than the industry average, as well as improvements in emissions levels and a shift in product structure from low-end to high-end.