20
Feb
11:13
Zhongtuo begins second-phase construction in Dainan
Jiangsu Zhongtuo New Material Company, a subsidiary of Delong Nickel, on 18 February began to construct the second phase of its stainless steelworks in Dainan Town, Jiangsu Province, Kallanish learns.
After seeing the operation of phase I last year, Zhongtuo plans to invest CNY 2 billion ($292 million) in Phase II. The company expects to further process stainless steel billets produced by Phase I into wire rods.
The stainless steel wire rod capacity is planned to…
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