The completed 2.80 million mt capacity steel production project of Shandong Province-based Chinese steelmaker Linyi Jiangxin Steel Co., Ltd (Jiangxin Steel), a subsidiary of Shandong Province-based Huasheng Jiangquan Group, has successfully passed an environmental assessment and received approval from the Shandong Provincial Ministry of Environmental Protection.
The project in question is located in the special steel recycling industrial park in the Luozhuang district of Linyi city in Shandong Province, having been built with an investment totaling RMB 4.299 billion ($0.67 billion), of which RMB 485 million ($76.14 million) was invested in environmental protection.