HBIS's annual steel production capacity to exceed 60 million tons

BEIJING (Asian Metal) 16 Nov 10 – On November 11, Hebei Iron and Steel Group(HBIS) signed joint restructuring agreements with Jingye Steel, Songting Steel, Longhai Steel, Yongyang Steel and Jitai Special Shaped Steel respectively.

Under the partnership agreement, HBIS will invest to the aforementioned five private enterprises to re-register new companies. HBIS should respectively hold 10% of new company shares.Asian Metal Copyright Under the partnership agreement, HBIS will invest to the aforementioned five private enterprises to re-register new companies.Asian Metal Copyright In this way, there will be more than 10 million tons of new capacity and HBIS’s annual production capacity will exceed 60 million tons.