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Baosteel solely invests in RMB0.5 bln to establish Yancheng Steel

2019-07-31 11:57:29  【Print】
On the evening of July 29, the board of directors of Baoshan Iron & Steel Co.Asian Metal CopyrightOn the evening of July 29, the board of directors of Baoshan Iron Steel Co.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright announced that it approved the Proposal on the Establishment of Yancheng Iron and Steel Co.Asian Metal Copyright of Baosteel to establish Yancheng Iron and Steel Co.Asian Metal Copyright, Ltd.Asian Metal Copyright According to the information disclosed by China Baowu, Yancheng Steel will become the base of Baowu Green Quality Steel in China, and carry out one-time planning and phased implementation.Asian Metal Copyright of Baosteel to establish Yancheng Iron and Steel Co.Asian Metal Copyright .Asian Metal Copyright, Ltd.Asian Metal Copyright announced that it approved the Proposal on the Establishment of Yancheng Iron and Steel Co.Asian Metal Copyright (Yancheng Steel) with a registered capital of RMB0.Asian Metal Copyright Yancheng Steel with a registered capital of RMB0.Asian Metal Copyright5 bln (USD73 mln).

The announcement shows that the registered capital of RMB0.5 bln(USD73 mln) will be used for the preliminary work of the overall feasibility study, land survey and EIA of the project.Asian Metal Copyright of Baosteel to establish Yancheng Iron and Steel Co.Asian Metal Copyright In the follow-up, Baosteel will increase its capital or make other corresponding adjustments in the light of the feasibility study results of the project and after the approval of the company's board of directors.Asian Metal Copyright, Ltd.Asian Metal Copyright Since then, the planning of Baowu Yancheng base in China has become increasingly clear.

According to the information disclosed by China Baowu, Yancheng Steel will become the base of Baowu Green Quality Steel in China, and carry out one-time planning and phased implementation. It is planned to start the related work of phase I project construction in 2019.

.Asian Metal Copyright of Baosteel to establish Yancheng Iron and Steel Co.Asian Metal Copyright