19
Apr
10:21
Jinding Steel contracts H-beam project
Jinding Steel in Wu’an city in Hebei signed an engineering, procurement and construction (EPC) contract for its high-strength H-beam project with MCC BERIS on 16 April. The groundbreaking ceremony has already been held on 3 March, Kallanish notes.
The company intends to invest CNY 2.6 billion ($399 million) to the project including two H-beam rolling mills. The design capacity is 2.4 million tonnes/year, bringing projected annual income and tax payments to C…
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Very good overview of the weekly steel market.
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