Yongfeng Lingang Quality Special Steel Phase II Project starts construction
2023-02-21 17:59:41 [Print]
On February 14, the construction site promotion meeting of high-quality development major projects of Linyi City was held, and the main venue was located at the site of Yongfeng Lingang Quality Special Steel Phase II and Ultra-thin Plate Project of Shandong Iron & Steel Group.
With the total investment of RMB15.8 billion (USD2.31 billion), Yongfeng Lingang Quality Special Steel Phase II and Ultra-thin Plate Project of Shandong Iron & Steel Group will complete the investment of RMB5 billion (USD730 million) this year. After the project is put into operation, it can increase the output value by RMB27 billion (USD3.94 billion) and tax revenue by nearly RMB1 billion (USD146 million). Yongfeng Lingang Phase II Project mainly focuses on high-quality carbon structural steel, high-strength structural steel, non-oriented silicon steel and other high-end products to meet the needs of industrial steel such as the automobile industry in Shandong.
With the total investment of RMB15.8 billion (USD2.31 billion), Yongfeng Lingang Quality Special Steel Phase II and Ultra-thin Plate Project of Shandong Iron & Steel Group will complete the investment of RMB5 billion (USD730 million) this year. After the project is put into operation, it can increase the output value by RMB27 billion (USD3.94 billion) and tax revenue by nearly RMB1 billion (USD146 million). Yongfeng Lingang Phase II Project mainly focuses on high-quality carbon structural steel, high-strength structural steel, non-oriented silicon steel and other high-end products to meet the needs of industrial steel such as the automobile industry in Shandong.
