The first batch of equipment has been installed and
production has started at the Jiangsu
Baosteel Precision Steel
Wire 1st Phase Project in
China's Jiangsu Province, according to Metallurgical Corporation of
China Ltd (MCC). A second batch of equipment for the first phase is expected to arrive and to be installed by March this year.
Jiangsu
Baosteel Precision Steel
Wire 1st Phase Project, invested in by
Baosteel Metal which is a subsidiary of Chinese steel giant
Baosteel, is located in Jiangsu Haimen Haibao Industrial Park and will mainly produce steel
wire products used in automobile tires and in the photovoltaic sector. The project marks
Baosteel's formal entry into the high-grade
wire rod product field. Construction work is being carried out by MCC subsidiary MCC Tiangong Construction Group (CMTCC Group).
The project will be constructed in two phases. The first phase is expected to produce 50,000 mt of precision steel
wire per year, while the second phase will add another 100,000 mt of annual precision steel
wire production capacity.