Hebei Province-based Chinese steelmaker HBIS Company Limited has announced that, in order to optimize its product mix and build a leading domestic wide and heavy plate production base, its holding subsidiary HBIS Laoting Steel Co., Ltd. plans to invest RMB 7.967 billion ($1.2 billion) to build a new 5,600mm hot rolled wide and heavy plate production line. Upon completion, the project will have an annual output of 2.42 million mt of hot rolled wide and heavy plate.
HBIS Laoting Steel to build RMB 7.967 billion wide and heavy plate production line
Eunice Ouyang
EditorI graduated from University of Shanghai for Science and Technology, with 16 years of deep expertise in the steel industry. I am responsible for steel-related news and intelligence, as well as leading the content team in China.
Similar articles
SE Asian billet market silent except for new rumored ex-Iran sale at low price
23 Jul | Longs and Billet
Ex-China HDG prices stable at previous lower levels, to fluctuate in limited range
23 Jul | Flats and Slab
Ex-China CRC offers from big mills edge down as local demand weakens further
22 Jul | Flats and Slab