Shandong Province-based Shandong Iron and Steel Group has announced that in 2012 it achieved an operating revenue of RMB 112.3 billion ($18 billion).

In 2012, Shandong Steel Group produced 23.3693 million mt of pig iron,23.0061 million mt of crude steel and 22.624 million mt of finished steel, down 6.59 percent, 4.23 percent and 1.9 percent respectively, year on year.

In particular, among Shandong Group’s subsidiaries, in 2012 Jinan Steel produced 6.9249 million mt of crude steel, down 17.01 percent on year-on-year basis, Laiwu Steel produced 14.476 million mt of crude steel, up 2.58 percent compared to 2011, while Zhangdian Steel produced 1.6052 million mt of crude steel, up 2.43 percent year on year.