15
Mar
09:00
Sanbao Steel lands two projects in Zhangzhou
Fujian Sanbao Steel, a subsidiary of Fujian Sanbao Group, has landed two steel projects in Zhangzhou’s Xiangcheng District, and signed contracts at a government-sponsored ceremony, Kallanish notes.
The company plans to use CNY 700 million ($108m) of investment to add 900,000 tonnes/year of wire rod capacity. The production line will use captive billet feedstock. It is expected to generate annual revenue of CNY 4.5 billion and pay CNY 120m in tax.
In additio…
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Anonymous
Very good overview of the weekly steel market.
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