KISC launches relocation project in Kunming

Friday, 31 May 2019 14:56:57 (GMT+3)   |   Shanghai
       

Yunnan Province-based Chinese steel producer Kunming Iron and Steel Corporation (KISC) has announced that it launched its environmentally-friendly relocation project in Anning industrial park, Kunming city, Yunnan, on May 21.

The investment in the project, which will include railway facilities, will exceed RMB 12.0 billion ($1.74 billion), while the project is expected to take two years to complete. The project will build one pellet production line with an annual production capacity of 2.6 million mt, one 450 square meter sintering machine, one 2,500 cubic meter blast furnace, two 120 mt converters, as well as refining facilities and continuous casting systems. Meanwhile, from the southwest suburb of Kunming to the Anning industrial park, it will relocate and upgrade one Steckel mill with an annual capacity of 950,000 mt, one bar production line with an annual capacity of 800,000 mt, one high-speed wire rod line with an annual capacity of 550,000 mt, and one high-speed wire rod line with an annual capacity of 450,000 mt.

When the whole project is completed, KISC at Anning industrial park will have an annual crude steel capacity of 5.4 million mt, while it expects to achieve an annual sales revenue of RMB 20.0 billion ($2.9 billion).


Most Recent Related Articles

MOF: China issues around RMB 3.5 trillion of local government bonds in H1

Coking coal prices in China move up this week, outlook stable

Asian wire rod prices down due to lower bids

Average residential housing price in Chinese cities up 0.53% in June

Chinese steel pipe export offer prices move sideways