On October 21, Chongqing-based Chinese steelmaker Chongqing Juyuan Stainless Steel Products Co. (Chongqing Juyuan Stainless Steel) held a commissioning ceremony for the first phase of its stainless steel pipe project in Liangping county in the city of Chongqing, according to local media sources in Chongqing.
Chongqing Juyuan Stainless Steel was established in September 2013, with a total planned investment of RMB 3 billion. Chongqing Juyuan’s stainless steel pipe project has a designed annual output capacity of 300,000 mt.
Total investment in the first phase of the project in question is RMB 1 billion, while the first phase has a designed annual output capacity of about 150,000 mt of stainless steel welded pipes.