Valin Steel to invest RMB 700 million in building wire rod line

Wednesday, 28 September 2022 11:31:44 (GMT+3)   |   Shanghai
       

Hunan Province-based Chinese steelmaker Hunan Valin Iron & Steel Co. (Hunan Valin Steel) has announced that its subsidiary Valin Xiangtan Iron and Steel will build a new high-speed wire rod rolling production line, with a designed annual production output of 600,000 mt, adopting international advanced production technology.

The project has an overall investment of RMB 700 million ($99 million), while construction work starts in the current month and is expected to be completed in September 2023.


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