Echeng Iron & Steel to build network-type steel production base
2019-09-10 17:14:57 [Print]
Echeng Iron & Steel under China Baowu Group will invest RMB2
. 14 billion (USD300,718,070) to construct a network-type steel production base, which represents an annual production capacity of 1 . 5 million tons of short route steel, in Shuanglian industrial park in Dangyang . The company plans to start the construction of the project in May 2020 and put it into formal operation in April 2021 . The project can create annual production values of RMB6 billion (USD843,134,775) and annual taxes of over RMB200 million (USD28,104,493).