Anhui Province-based Chinese company Shengxi New Material Technology Corp. has lately started construction work on a new coated steel project in Liu’an, Anhui, as announced by local media sources.
After commissioning, the project’s annual output value is expected to reach $480 million, bringing in $9.62 million annually in tax revenues. The annual output of the completed project will include 300,000 mt of color-coated steel sheet, 700,000 mt of hot dip galvanized silicon steel sheets (from two production lines each with an annual output of 350,000 mt), and 700,000 mt of color-coated steel plate (also from two production lines each with an annual output of 350,000 mt).