Valin Steel to invest RMB700 million in building high-quality high-speed wire rod production line project
2022-09-28 17:57:06 [Print]
Valin Steel announced on September 27 that Valin Xiangtan Iron & Steel planned to build a new high-speed wire rod rolling production line with a designed annual output of 600,000 tons. The products are mainly positioned in the high-end market, including specifically high-end spring steel, cold heading steel, bearing steel , steel cord, steel wire rope/prestressed steel strand/bridge cable steel, welding wire steel, structural steel and others.
With the total investment of about RMB700 million (USD97.51 million), the project is planned to start construction in September 2022 and be put into operation in September 2023. The construction period will be about 12 months.
With the total investment of about RMB700 million (USD97.51 million), the project is planned to start construction in September 2022 and be put into operation in September 2023. The construction period will be about 12 months.
