29
Jul
06:32
Shandong Lingang to invest in stainless plate mill
Lingang Stainless, a subsidiary of state-owned Shandong Linyi Steel Investment Group (Lingang), is planning to invest CNY 2.6 billion ($386 million) to build a 3,500mm medium and heavy stainless steel plate mill, Kallanish notes.
The new facility, covering an area of more than 82 acres, is expected to reach 2.4 million tonnes/year capacity, according to the Government of Linyi Lingang Economic Development Area, where the plant is located.
By employing intelligen…
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Very good overview of the weekly steel market.
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