The first phase of a new stainless steel industrial park in the city of Lengshuijiang in China’s Hunan Province has been completed and put into operation, according to local media sources in Hunan.
Construction started on the first phase of the industrial park on May 29 this year and has been completed within just four months. The first phase has a designed annual production capacity of 400,000 mt of semi-finished stainless steel, with auxiliary annealing and pickling production lines.
Total investment in the overall industrial is expected to reach RMB 1.8 billon ($0.28 billion). All three phases are expected to be completed by 2020, while the designed annual capacity will total 400,000 mt of stainless hot rolled coil (HRC) and 600,000 mt of end products made from stainless steel.