Chinese Shengxi New Material Technology has started the construction of its new coated steel project in Liu'an, Anhui.
It's expected that the coated steel project valued US$480 million will bring annual taxes revenues US$9.62 million.
Meanwhile, the new coated steel project will produce 300,000 tons of color-coated steel sheets, 700,000 tons of hot dipped galvanized silicon steel sheets and 700,000 tons of color-coated steel plates.