Angang to commissions JV special steel project in October

Publish time: 11th September, 2012      Source: ChinaCCM
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Henan-based Chinese steel group Angang plans to commission its new joint venture special steel project in October of the current year, according to Chinese media sources.

The joint venture project, named Yongcheng Yudong Special Steel Co., built by Angang together with Henan-based Yongcheng Zhenxing Metal Product Co. with an overall investment of RMB 2 billion, will have an annual special steel output capacity of 1.6 million mt and an annual production capacity of 150,000 mt of stainless steel. Angang's share of the investment is RMB 1.55 billion.