China's top steelmaker, Shandong Iron and Steel Group Co, reported annual revenue of 120.6 billion ($19.94 billion) yuan in 2013 recently, a net loss of 600 million yuan over the previous year.

The company produced 23.64 million tons of pig iron, 22.74 million tons of finished steel and 22.79 million tons of crude steel, up 1.14 percent, up 0.54 percent and down 0.92 percent year-on-year, respectively.

This year, it plans to produce 24.65 million tons of pig iron, 24.1 million tons of crude steel and 24.06 million tons of finished steel. Revenue is expected to exceed 130 billion yuan, the company said.

By Wang Qian