According to the news released by Chinese steelmaker Baosteel Group, on December 23, the Baosteel Construction (Jiangsu) project with 150,000 mt of annual capacity was formally completed and put into operation in Haibao Industrial Park, Haimen city, Jiangsu province.
Baosteel Engineering & Technology Group has invested RMB 720 million ($ 113.92 million) in Baosteel Construction (Jiangsu) Co. by which covers a total area of 333,350m2. The construction works commenced on January 26 this year and took 11 months to complete.Currently, Baosteel Construction (Jiangsu) Co. has been the professional steel construction enterprise with largest capacity in China.