Two new steel projects in Jiangyin China-based's Jiangsu Province will be commissioned in the first half of 2013, as reported by local newspaper Jiangyin Steel.
In February this year, Xingcheng Special Steel Co. started construction work on a new alloy steel production project. With a planned annual output capacity of 200,000 mt of products including steel cord and alloy spring steel wire, the project is scheduled to be commissioned in June 2013. Investment will total $200 million.
In April of the this year, Jiangyin Zongcheng Steel Co. began construction work on a new galvanizing line with a planned annual output capacity of 300,000 mt. The investment in the galvanizing facility is expected to reach $100 million.