Baosteel combines production capacities
Shanghai based steel producer
Baosteel Group announced that it is planning to unify its
stainless bar and
stainless wire rod productions with a new 350'000 tons
wire rod rolling mini-mill located in Puxi, west of Shanghai.
The unified capacity is expected to reach 2.5 million tons in 2004.
Baosteel which focuses on
China's domestic market, also produces 1 million tons of special steel annually.