Xinyang iron and steel project ignites furnace and starts trial operation
2021-06-17 11:55:37 [Print]
On the morning of June 13, Xinyang iron and steel project in Hejiang Circular Economy and Industry Park ignited its #1 electric furnace and started trial operation
. Luzhou Xinyang Vanadium and Titanium Iron and Steel Co . , Ltd . invested and constructed this project . By now, the company completed an investment of RMB2,300 million (USD358 million) . This project will produce two million tons of alloy steel, high-quality steel, special steel, vanadium and titanium bearing high-strength steel and other products annually, reach an annual output value of RMB6,000-8,000 million (USD934-1,246 million) and pay taxes of about RMB600-800 million (USD93 . 42-125 million).