05
May
07:49
Magang targets more profitable markets following investments
Maanshan Iron and Steel Company (Magang) is investing in new production projects to expand into more profitable markets, according to local media.
An electrolytic degreasing unit in the Magang cold rolling unit was formally completed on 28 April. The 700,000 tonnes/year plant is expected to start production in June, Kallanish notes. The unit should improve the quality of delivered CRC and increase its value.
Magang is also investing CNY 163 million ($28m) to …
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