Fujian Baotai Stainless Steel's 1.1Mtpy cold rolling project breaks ground
2021-10-14 17:13:40 [Print]
The groundbreaking ceremony for the 1
The project will be built in two phases with total investment of RMB5 billion (USD778 million), including RMB800 million (USD124 million) for the phase one with an annual production capacity of 150,000t of stainless steel, and RMB4.2 billion (USD653 million) for the phase two with an annual capacity of 950,000t of stainless steel . The whole project is scheduled to complete in three years . It will use Baosteel Desheng's hot-rolled stainless steel as the raw material to commence cold rolling process on site, mainly for producing cold-rolled steel coil BA, 2B and 2D, which will support the development of local downstream stainless steel product industry.
. 1Mtpy cold rolling project owned by Fujian Baotai Stainless Steel Co . , Ltd . was held in Luoyuan, Fuzhou on October 8.
The project will be built in two phases with total investment of RMB5 billion (USD778 million), including RMB800 million (USD124 million) for the phase one with an annual production capacity of 150,000t of stainless steel, and RMB4.2 billion (USD653 million) for the phase two with an annual capacity of 950,000t of stainless steel . The whole project is scheduled to complete in three years . It will use Baosteel Desheng's hot-rolled stainless steel as the raw material to commence cold rolling process on site, mainly for producing cold-rolled steel coil BA, 2B and 2D, which will support the development of local downstream stainless steel product industry.