Taiyuan Steel to increase stainless steel output
Taiyuan Steel Corp, located in
China's Shanxi province, is reportedly planning to become one of the world's largest
stainless steel producers in 2006.
The company will invest a total of Yuan 16.5 billion ($1.98 billion) to expand its
stainless steel capacity to 3 million tons by 2006.
In 2004, revenue of the company was recorded as Yuan 8.3 billion ($1 billion) with total steel
production reaching 4.63 million tons.