HBIS Laoting rents hot rolling line to speed up project
2023-11-29 14:23:49 [Print]
HBIS Laoting Steel Co
The leased property includes a 1580mm hot-rolling production line which is currently idled by Tangshan Stainless Steel, with an annual production capacity of 3 million tonnes of steel products used for high-end automotive sheet, including high-strength steel, ultra-low carbon deep drawing steel, tin mill black plate (TMBP), and it is able to produce rolled product with minimum thickness of 1mm.
. , Ltd . plans to rent a hot-rolling production line and associated facilities from Tangshan Stainless Steel Co . , Ltd . for an annual rental of RMB80 . 26 million (USD1,126 million), as the company seeks to ease the financial strain and shorten the construction period of its steel base project.
The leased property includes a 1580mm hot-rolling production line which is currently idled by Tangshan Stainless Steel, with an annual production capacity of 3 million tonnes of steel products used for high-end automotive sheet, including high-strength steel, ultra-low carbon deep drawing steel, tin mill black plate (TMBP), and it is able to produce rolled product with minimum thickness of 1mm.