Chinese Ansteel inks JV agreement with ISSI on ferric oxide powder project

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Publish time: 30th March, 2012      Source: ChinaCCM
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It's reported that Chinese Ansteel singed a joint venture agreement with the International Society of Steel Institutes (ISSI) for ferric oxide powder project.

Under the agreement, Ansteel Industry Group Ltd, the subsidiary of Ansteel will hold shares of 55%; Ansteel will hold shares of 30% and ISSI will possess 15% of the share.

The joint venture will rebuild the acid regeneration plant at the cold rolling facilities of Ansteel, aiming to improve the quality of ferric oxide