Reportedly, a Chinese steel producer Xugang Iron and Steel Group in Xuzhou City, Jiangsu Province announced that it planned to construct steelmaking facilities with a blast furnace of over 4,000 cubic meter capacity, including converters, a rolling line and a sintering line. The designed capacity of the new facilities is said to reach a total annual steel production of 10 million tons.
According to the firm that it will then focus on product structure adjustment as well as on shifting its production focus from common steel grades to special steel after construction of the new facilities completes