Changzhou, Jiangsu Province-based Chinese steel producer Zhongtian Iron and Steel Group (Zhongtian Steel) has announced that it plans to sign an agreement for the construction of a new special steel production facility.
The planned annual production capacity of the new special steel facility is 200,000 mt, with the total investment expected to reach RMB 1 billion ($158.73 million). Construction is expected to commence within the current year.