Jiangsu province-based Chinese steelmaker Valin-Xigang Special Steel Co., a subsidiary of Hunan Province-based Chinese steelmaker Valin Group, has announced that its production and sales target of finished steel for 2014 is 800,000 mt, including 560,000 mt of steel pipes and 240,000 mt of steel bars.

Meanwhile, the company expects sales revenue from these products to reach RMB 3.3 billion ($539 million) and the cash flow to amount to RMB 70 million ($11.44 million) in 2014.