Sangang Minguang commissions high-speed steel bar line

Fujian Province-based Chinese steelmaker Fujian Sangang Minguang Co., Ltd (Sangang Minguang) has announced that it has commenced production with its newly constructed high-speed steel bar production line. In particular, overall investment in the production line amounted to RMB 280 million ($40.77 million), while it has an annual output capacity of 600,000 mt of steel bars.