Tianbao Alloy breaks ground on HC ferrochrome project
2024-04-17 11:53:46 [Print]
On April 13, Zhuozi Tianbao Alloy Material Co., Ltd. held the groundbreaking ceremony for a HC ferrochrome production project at Gaoshun Industrial Park in Zhuozi County.
With a total investment of RMB500 million (USD69.06 million), the project will build four closed 45000KVA submerged arc furnaces for a total production capacity of 368,000 tonnes per annum of HC ferrochrome. The project is expected to generate an annual production value of RMB3.5 billion (USD483 million), along with tax revenue of RMB500 million (USD69.06 million), and would help create around 500 jobs.
With a total investment of RMB500 million (USD69.06 million), the project will build four closed 45000KVA submerged arc furnaces for a total production capacity of 368,000 tonnes per annum of HC ferrochrome. The project is expected to generate an annual production value of RMB3.5 billion (USD483 million), along with tax revenue of RMB500 million (USD69.06 million), and would help create around 500 jobs.
Ferro-chrome S.A. Cr 50%min, C 8%max In port China
Unit:RMB/mt 50-basis
China low carbon ferrochrome producers' inventory statistics by province by month
Unit: mt
