Reportedly, Jiangsu province-based Pangang Group announced that the company's pig iron output reached 5.6501 million tons in the first seven months this year.
In the given period of time, the firm's output of crude steel reached 5.4139 million tons; that of fine vanadium slag production was at 199,400 tons; that of titanium ore concentrate was at 308,900 tons.
Meanwhile, the company said that its power consumption for production of both titanium products and vanadium-titanium-magnetite ore was from its own power and it would be able to contribute a great margin to the company business as whole.
In the meantime, the firm planned to increase its output and sales volume of titanium products and vanadium-titanium-magnetite ore respectively.