12
Jul
08:49
Luoyuan Minguang obtains wire rod expansion approval
Luoyuan Minguang Steel, a wholly-owned subsidiary of the China-listed Fujian Sangang Minguang Group, has obtained government approval for the wire rod capacity expansion project’s energy saving report, clearing the way for construction, Kallanish notes.
The company plans to replace its one existing high-speed wire rod production line with two new lines. As a result, wire rod capacity will be boosted from 600,000 to 1.3 million tonnes/year. Product positionin…
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