08
Jan
09:37
Hunan adds scrap processing plant
The government of Lianyuan City in central China's Hunan Province signed a scrap processing and distribution project aggreement on 6 January. The project is located in the same city as Hunan's main private steel firm, Valin Group, Kallanish notes.
It is reported that the capcaity of this scrap processing base is 800,000 tonnes/year. With total investment of CNY 180 million ($27.81 million), the plant is expected to commission within 15 months.
The i…
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Very good overview of the weekly steel market.
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