Foshan Baosteel Stainless Steel project commissioned
According to recent news in the market, Baosteel International, Ningbo Baoxin Stainless Steel and Baosteel International South Company have jointly invested in Foshan Baosteel Stainless Steel Distribution Company project. In the first stage, the new company will process 80'000 tons of stainless steel per annum. In the second stage, the company will process 300'000 tons of stainless steel and the annual sales revenue of the company is expected to reach Yuan 5-6 billion ($604-725 million). The new company, which is expected to start operations in June 2005, will be the largest specialty stainless steel process and distribution center in China.Foshan Baosteel Stainless Steel project commissioned
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