13
Oct
10:52
New Inner Mongolian stainless steel plant to start in November
Shanghai Yatai Steel Group plans to begin production at its new 1 million tonnes/year stainless steelworks in northern China’s Inner Mongolia next month, Kallanish learns.
The CNY 4.8 billion ($760 million) project includes six ferronickel furnaces and a 1.25m-wide billet caster. Construction began in June 2013 and two furnaces have already been completed.
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Very good overview of the weekly steel market.
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