500ktpa electrical steel project begins production in Handan
2025-04-21 14:59:18 [Print]
On April 18, the first roll of non-oriented electrical steel came off the production line of the Phase I Zhongpu (Handan) Electromagnetic Materials Project, marking the official start of operation for the 13-billion-yuan project, which will produce electrical steel for new energy applications. The project fills a gap in Handan's electrical steel production and represents a shift in the city's steel industry from raw materials to high-value-added materials.
The project is jointly funded by Hebei Puyang Iron and Steel Group and Longxiang Holdings Limited. Phase I of the project began construction on March 1, 2024, entered trial production in March 2025, and officially commenced production this April.
Upon full operation, Phase I is expected to produce 500,000 tonnes of various electrical steel products annually, generate RMB 5 billion (USD685 million) in annual sales revenue, and create over 400 new jobs.
The project is jointly funded by Hebei Puyang Iron and Steel Group and Longxiang Holdings Limited. Phase I of the project began construction on March 1, 2024, entered trial production in March 2025, and officially commenced production this April.
Upon full operation, Phase I is expected to produce 500,000 tonnes of various electrical steel products annually, generate RMB 5 billion (USD685 million) in annual sales revenue, and create over 400 new jobs.
