Inner Mongolia-based Chinese company Desheng Industry Group has officially started construction work on its new steelmaking project, the first stage of its new expansion program.
The new program includes construction of a steelmaking project, a power generating project and a cement production project, with the total investment cost expected to reach over RMB 10 billion ($1.57 billion).
The steelmaking project in question will have an annual production capacity of 3 million mt