First phase of major rebar project in Hunan to start production before October

Tuesday, 09 April 2019 17:20:25 (GMT+3)   |   Shanghai
       

The first phase of a 5.0 million mt high-strength rebar project owned by Anhui Province-based Anyang Fuxing Heli New Material Co., Ltd and Hunan Province-based Futian Xingye Investment Co., Ltd and located in Chenglingji new port area of China’s Hunan Province will begin production before the National Day holiday (October 1-7) this year, as reported by local media.

Investment in the overall project will total RMB 2.6 billion ($0.39 billion), while the second and the third phases will start production by the end of September 2021.


Most Recent Related Articles

CCCMC: China’s finished steel exports face increasing difficulties

Ferrosilicon prices in local Chinese market - week 14

Ferromanganese prices in local Chinese market - week 14

Chongqing Steel’s production up in 2019, to stay firm in 2020

Shagang Group cuts scrap purchase price again