SteelOrbis Shanghai
Upon the approval of the Shanghai Foreign Investment Commission, the Arcelor-backed Orient (Shanghai) Steel Sheet Pile Renting Co. Ltd. has been established in the Baoshan District in recent days.
A first-stage investment totaling $3 million will be used for entry into the Chinese steel sheet pile renting industry. The establishment of the new company not only fills a market vacancy in China, but also meets the required standards of energy saving and recycling development.