TISCO's subsidiary to buy steelmaking capacity with 771 million yuan

TISCO announced on June 24 that its subsidiary, Xinhai Industry, intends to acquire 1.Asian Metal Copyright .Asian Metal Copyright16 million tons of steelmaking capacity from WISCO and Baosteel Special Steel for the construction and operation of the stainless steel project (phase I) of 1.Asian Metal Copyright The project is expected to become the low-cost production base for 300 series stainless steel of the company.Asian Metal Copyright62 million tons with the total amount (including taxes) of 771 million yuan (115 million US dollars).Asian Metal CopyrightTISCO announced on June 24 that its subsidiary, Xinhai Industry, intends to acquire 1.Asian Metal Copyright The project is expected to become the low-cost production base for 300 series stainless steel of the company.

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