Sinosteel International signs EPC contract on steel mill project of USD1.096 billion
2021-12-06 17:46:33 [Print]
Sinosteel announced on December 3rd that the company's wholly-owned subsidiary Sinosteel Equipment Co
. , Ltd . and its wholly-owned subsidiary, Sinosteel Engineering Design Institute Co . , Ltd . , signed an EPC contract on building Tosyali Algeria Comprehensive Steel Project Phase Four on December 1st with Tosyali Algeria Iron and Steel Industry Company . The contract includes three parts, namely a direct reduced iron part, a steelmaking part and a hot continuous rolling part, with total amounts of USD1 . 096 billion or about RMB6 . 986 billion . Its construction period for the direct reduction iron part is 30 months and that for the steelmaking part and hot continuous rolling part is 24 months.