Jilin Province-based Chinese steelmaker Siping Xiandai Iron and Steel Co. (Siping Xiandai Steel), a subsidiary of Siping Hongzui Group, has announced that the new rebar production line of Siping Xiandai Metal Materials Co. has been commissioned.
The designed annual output capacity of the new production line is 300,000 mt, while annual revenues are expected to reach RMB 1.3 billion ($205.51 million). Siping Xiandai Metal Materials Co. is a joint venture of Siping Xiandai Steel, Changchun Zhongji Steel Sales Co. and other companies.
The annual iron and steel output capacity of Jilin Province is expected to reach 13 million mt by 2015.