Chinese steel producer
Baotou Iron & Steel Company has started the
construction of cold rolled sheet line at its mill in Batou, Inner
Mongolia, northern
China. The cold rolled sheet line's annual capacity will be 1.4 million tons. The new line's
production will be composed of 600'000 tons of cold rolled coil, 350'000 tons of hard coil, 300'000 tons of hot dipped
galvanized coil and 150'000 tons of
coated coil. The company is planning to complete the
construction in 2.5 years, with a cost of Yuan 2.9 billion (approx. $347 million). The company produced 2.4 million tons of finished steel in the first six months of 2003, up by 13.8% compared to same period last year.