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It is reported that Chinese Henan based Angang will commission its new JV special steel project in October 2012.It's known that the new special steel project named Yongcheng Yudong Special Steel is a joint venture built by Angang and Yongcheng Zhenxing Metal Product.The total investment for this new special steel project totaled CNY 2 billion. It's expected that the annual production capacity of special steel and stainless steel would reach 1.6 million tonnes and 150,000 tonnes respectively.