As Shanghai-based Chinese steel giant
Baosteel has reported, its subsidiary Inner
Mongolia-based Baogang Wanteng Iron and Steel Co. (Baogang Wanteng Steel) commissioned its new high speed
wire rod production line on November 8.
The new
wire rod production line is part of the first phase of Baogang Wanteng Steel's environment-friendly project for the construction of an additional 2 million mt annual steel output capacity which is expected to cost RMB 3.08 billion ($485 million). The first phase of the project has included construction of a 1,166 cubic meter blast furnace, two sintering machines, a 120 mt converter and the abovementioned high speed
wire rod production line.