Fujian Province-based Chinese steel producer Sanbao Steel Group has recently signed a 2 million mt steelmaking contract with China 22Mcc Group Corporation Ltd.
The project includes a 1,080 m3 blast furnace, a 160 square meters sintering machine, a service center with a capacity of 1.8 million mt and some required equipments. The project is expected to begin at the end of November and the construction works will be completed in one year. The value of the contract is RMB 200 million ($31.7 million).