Guangzhou Daily reported that latest statistics show that Guangzhou Iron & Steel Corp Ltd has yielded 139,353 tones of crude steel and 114,198 tones of finished steel in May with sales revenue hit monthly record of CNY 788.21 million. The good performance was achieved against the backdrop of soaring prices for iron ore, coking coal and electric power.

Guangzhou employers said a total of 94,116 tones of qualified pig iron has been yielded in May.

Mr. Huang Zhiwei, senior official of the company said the company aims to produce 1.5 million tones of crude steel this year up by 26% from last year. He said that "We are confident to achieve the target."

Guangzhou Iron & Steel Corp Ltd has donated CNY 1.3 million to the disaster affected Sichuan province so far.