Shanxi Province-based Chinese steelmaker Taiyuan Iron and Steel (Taiyuan Steel or
TISCO) has announced that in 2011 the total operating revenue of Shanxi-based Taiyuan
Stainless Steel Industrial Park saw a 296 percent year-on-year increase.
Taiyuan
Stainless Steel Industrial Park focuses on production of
stainless steel tubes and
pipe fittings, high quality
stainless steel dinner sets,
stainless steel composite panels, among other products.
In 2011, the industrial park developed 12 new
stainless steel products. Enterprises in the industrial park produced 132,000 mt of
stainless steel products in 2011, while they booked orders worth RMB 8 million ($1.27 million) in the given year. It is expected that by 2015 the annual capacity of
stainless steel products of the industrial park will reach 800,000 mt.