Wugang and HBIS Group sign contract to build steel scrap processing base project
2022-07-05 14:44:26 [Print]
On July 1, Wugang, Pingdingshan and HBIS Group successfully signed a contract to invest in the construction of steel scrap processing base in Wugang Economic Development Zone
. With a planned investment of RMB 500 million (USD74 . 6 million), the project will process 800,000 tons of steel scrap annually, and generate sales revenue of RMB4 billion (USD597 million) . It is expected to start construction in mid-July and be put into operation at the end of September.