Liangang Electromagnetic Materials to build phase two of cold-rolled silicon steel project

Hunan Liangang Electromagnetic Materials Co.Asian Metal Copyright07 billion USD286 million and RMB3.Asian Metal Copyright, Ltd.Asian Metal Copyright The project aims to produce higher quality oriented silicon steel finished products through a complete production flow of high grade, high magnetic strength and extra-thin silicon steel and help the company to establish one of the top cold-rolled silicon steel production bases withfull production flow in China.Asian Metal Copyright, a subsidiary of Hunan Valin Steel, plans to invest about RMB5.Asian Metal Copyright The project aims to produce higher quality oriented silicon steel finished products through a complete production flow of high grade, high magnetic strength and extra-thin silicon steel and help the company to establish one of the top cold-rolled silicon steel production bases withfull production flow in China.Asian Metal Copyright98 billion (USD827 million) to develop the phase two of cold-rolled silicon steel project.

The first part of the phase two project is scheduled to break ground in July 2023 with a constriction period of 18 months and would have an annual production capacity of 80,000t of oriented silicon steel. The second part is planned to begin constriction in September 2024 for a period of 15 months and would produce 220,000t of oriented silicon steel and 400,000t of non-oriented silicon steel annually.Asian Metal Copyright The investment for the first and second part is estimated at RMB2.Asian Metal Copyright The investment for the first and second part is estimated at RMB2.Asian Metal Copyright98 billion USD827 million to develop the phase two of cold-rolled silicon steel project.Asian Metal Copyright07 billion (USD286 million) and RMB3.Asian Metal Copyright98 billion USD827 million to develop the phase two of cold-rolled silicon steel project.Asian Metal Copyright91 billion (USD541 million) respectively.

The project aims to produce higher quality oriented silicon steel finished products through a complete production flow of high grade, high magnetic strength and extra-thin silicon steel and help the company to establish one of the top cold-rolled silicon steel production bases with full production flow in China.

.Asian Metal Copyright The first part of the phase two project is scheduled to break ground in July 2023 with a constriction period of 18 months and would have an annual production capacity of 80,000t of oriented silicon steelAsian Metal Copyright