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Changzhi Steel, a subsidiary of Shougang Steel has started the trail tests at its new high-speed wire rod projects recently.It's learned that the construction of the new wire rod project was started in this April. The firm planned to commission the project in next January.Once the new wire rod project is put into operation, it's expected to produce 1.1 million tons of high-speed wire rods annually with an estimated value of RMB7.5 billion.