08
Jan
09:13
Magang completes wire rod upgrade
China’s Ma’anshan Iron and Steel (Magang) says it has completed the upgrade of a 500,000 tonnes/year wire rod line at its plant in Anhui province. The firm has also been investing in flat products to increase quality in an attempt to recover margin, Kallanish notes.
The firm invested CNY 118 million ($18m) in the upgrade, which leaves the line able to produce cold heading quality, bearing, spring and steel cord grades. The company says its new wire r…
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