Xilin Steel Group, a large steel maker based in Heilongjiang province, China, achieved RMB1.7 billion (approx. US$250 million) in gross industrial output value during the first quarter of 2009, despite the shrinking demand for steel from international markets arising from the global financial turmoil. The company has successfully weathered the financial crisis by taking a series measures to reduce costs and enhance production efficiency. Additionally, with a total investment of RMB540 million (approx. US$79), a high speed wire rod production line of the steel maker is expected to be put into operation next November.