The first stage of a steelmaking project in Huoqiu in China’s Anhui Province, which belongs to Anhui-based Luan Steel Holding, will be put into operation by the end of July this year, creating 5,000 direct jobs and having an estimated eventual annual industrial output of RMB 40 billion ($59.6 billion) .
Luan Steel Holding’s overall steelmaking project in question is expected to have a total investment of RMB 30.0 billion ($4.5 billion), and will consist of three stages, with 3.0 million mt capacity in the first stage, a further 3.5 million mt capacity in the second stage, and an additional 3.3 million mt capacity in the third stage.
