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02 May
06:45

Local government asks Pingan Steel to accelerate relocation

The Pingxiang government in China's Jiangxi province has requested that Pinggang Anyuan Steel (Pingan Steel) speed up the formulation of its relocation plan, and reduce environmental pollution. Pingan Steel is a wholly-owned subsidiary of Jiangxi Pinggang, as well as an important part of the Fangda Steel Group. Pingan Steel has a total assets of CNY 9.6 billion ($1.52 billion), covers an area of 4341 acres and employs nearly 8,000 people. Steel production hi…
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