10
Sep
03:50
Baosteel looks to boost silicon steel output
Baosteel has announced that it is to invest in a non-grain oriented silicon steel production line in Shanghai to boost sales to new-energy automobile and high-end compressor producers, Kallanish notes.
The project includes investment of CNY 2.4 billion ($337 million), and is looking to commission in 2023. Baosteel did not yet reveal the expected capacity of the line. The products are used in manufacturing generators and rotary motors. Baosteel's li…
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Anonymous
Very good overview of the weekly steel market.
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