Tianjin Iron & Steel Co Ltd has carried out some efficient managerial strategies to speed up its economic growth, and achieved the best scores in the history. During the first ten months of this year, the total industrial output value of the company is at CNY 25.747 billion up by 50.93% YoY, the sales revenue climbs to CNY 36.775 billion up by 51.16% YoY the profit is up by 77.05% YoY at CNY 1.188 billion and the pre-tax profit is CNY 1.962 billion up by 38.36% YoY. Exports values stand at USD 1.246 billion in the same review period, up 90.95% YoY with the average incomes of the staffs coming at CNY 33,921 per year up by 21.83% YoY.

In the face of continuous steel products price dives, especially the world financial crisis, domestic steel industry began to cut production, staffs and salaries. However, Tianjin Steel has stepped up all efforts to ensure CNY 42 billion annual sales goal through new products development and cost reduction amid the meltdown in steel market.

To meet the strong market demands, the steel mill focuses on the high value-added products, and has successfully developed 12 new products like the high-strength ship plates, wind power tower body steel, high-strength UK standard rebar etc, which have been accredited by 8 countries classification societies.