The new Taiyuan Iron and Steel Trading Center currently to be built in Taiyuan in China's Shanxi Province is planned to be commissioned in October 2013, as reported by Shanxi Evening News.
A total of RMB 2.5 billion ($391.85 million) will be invested in Taiyuan Iron and Steel Trading Center, in which the main investor is Shanxi DingTai Logistic Co., a subsidiary of MingTai Group. After commissioning, stainless steel raw materials, carbon steel raw materials, stainless steel products and other metal materials will be traded at the center. Otherwise, the center will also provide stainless steel processing services.