It is reported that Taiyuan Iron & Steel Group (Tisco) planned to invest and upgrade its existing stainless steel cold rolled production line.
The new project will be able to contribute the annual production of cold rolled stainless steel approximately 900,000 tons.
The main products would is ferrite stainless steel with thickness of 0.4mm-3.0mm and width of 1,000mm-1,650 mm respectively.
Meanwhile, the company planned to pour about RMB 6.477 billion for this new project.
Also, the new project is expected to boost Tisco's annual sales revenues by RMB 3.414 billion.