In order to meet changes in the domestic market, Hunan Province-based Chinese steelmaker Valin Lianyuan Steel states that it is now focusing on developing its production of high-end products. Output at the steelmaker's new cold rolled production line which cost RMB 120 million ($17.57 million) has reached 10,000 mt since February 19.
At present, Valin Lianyuan Steel is developing automotive sheet and steel, including high-strength plates for vehicles and hot-dip galvanized sheets, for demand both in Hunan Province and outside of the province.