Chinese steelmaker Lueyang Shanxi Steel Co. has announced that it has recently started construction of its 14 m2 shaft furnace pelletizing project at Wangjiaping in the city of Yan'an in China's Shanxi Province.
After the project is completed, It is expected to produce 550,000 mt of iron ore pellets per year, with annual sales revenues reaching over RMB 40 million (about $6 million).