Guangxi Iron and Steel Group starts production of No.1 blast furnace in Fangchenggang base
2020-06-28 10:16:21 [Print]
Liuzhou Iron and Steel Co., Ltd. announced that the No.1 blast furnace of Guangxi Iron and Steel Fangchenggang iron and steel base project, partially held by Liuzhou Iron and Steel, finished construction and started production on June 18, 2020.
Fangchenggang iron and steel base project was approved by the National Development and Reform Commission in 2012 and started construction in the same year. In 2018, Guangxi Liuzhou Iron and Steel Group Co., Ltd., the controlling shareholder, completed restructuring of the project and started subsequent construction with planned investment of RMB36 billion (USD5.09 billion) (not including the investment before restructuring). After completion of construction, the project would have a production scale of 8.5 million tons of iron and 9.2 million tons of crude steel. It would have products including cold-rolled plate, hot-galvanizing coil and plate, hot-rolled wide steel strip, high-strength rebar, alloy steel bar, high-quality wire products, etc.
Fangchenggang iron and steel base project was approved by the National Development and Reform Commission in 2012 and started construction in the same year. In 2018, Guangxi Liuzhou Iron and Steel Group Co., Ltd., the controlling shareholder, completed restructuring of the project and started subsequent construction with planned investment of RMB36 billion (USD5.09 billion) (not including the investment before restructuring). After completion of construction, the project would have a production scale of 8.5 million tons of iron and 9.2 million tons of crude steel. It would have products including cold-rolled plate, hot-galvanizing coil and plate, hot-rolled wide steel strip, high-strength rebar, alloy steel bar, high-quality wire products, etc.
