Jiyuan Steel to commission high-speed wire rod project

Friday, 10 February 2012 15:37:23 (GMT+3)   |  
       

Jinan Province-based Chinese steel producer Jiyuan Iron and Steel Co. (Jiyuan Steel) is about to put its new high-speed wire rod project into production, according to local media reports. Jiyuan Steel has already completed construction work on the project and is now carrying out debugging of equipment. The total investment in the project amounted to RMB 800 million ($126.98 million).

In 2011, Jiyuan Steel produced 2.448 million mt of pig iron, 2.61 million mt of crude steel and 2.73 million mt of finished steel. In addition, the total sales revenue of Jiyuan Steel reached RMB 13.8 billion ($2.19 billion) in 2011, while it recorded a pre-tax profit of RMB 950 million ($150.79 million) for the year.


Similar articles

US domestic wire rod prices still soft

28 Mar | Longs and Billet

Wire rod consumption in Mexico increases 6.5 percent in January

28 Mar | Steel News

Import longs offers in Romania now attractive, local prices stable

28 Mar | Longs and Billet

UAE-based ESA cuts wire rod prices for April despite better demand

28 Mar | Longs and Billet

Asian wire rod market tumbles amid pessimism in China

28 Mar | Longs and Billet

Turkey seeks to raise rebar export offers, demand mostly seen locally

27 Mar | Longs and Billet

Japanese crude steel output down 3.8 percent in February from January

27 Mar | Steel News

Saudi Arabia’s Hadeed keeps local longs prices stable again for April

26 Mar | Longs and Billet

Local Turkish official domestic wire rod prices follow diverse trends

26 Mar | Longs and Billet

Iskenderun-based Turkish mill issues its longs prices

26 Mar | Longs and Billet