Ningbo Baoxin commissions Phase-4
Although the company has not made a formal announcement yet, it is suspected that Ningbo Baoxin has moved into the hot commissioning stage of its Phase-4
stainless steel project.
With annual designed productivity of 380000 tons, Ningbo Baoxins Phase-4 is scheduled to begin formal operation in September 2005. Phase-4 will bring the total
stainless steel productivity of Ningbo Baoxin to 600000 tons.
Ningbo Baoxin is a joint venture established by
Japans Nisshin Steel and Shanghai-based
Baosteel Group Corporation,
China's largest steel manufacturer. The joint venture has grown steadily since it commenced operations in 1998, achieving profitability in 2000.