Tangshan Steel recently disclosed that Tangshan
Stainless Steel Co. Ltd entered the trial
production stage.
The
production line has not reached designed productivity yet, and the company remains a loss maker. However, Tangshan Steel predicts that its
stainless outfit will boast strong profit potential once it reaches full capacity.
In 2004, the sales revenue of Tangshan
Stainless reached RMB 710 million ($85.79 million). In 2005, the company's annual productivity could reach one million tons.