Wulanhaote Steel seeks investors for capacity expansion

China's Inner Mongolia Autonomous Region-based Wulanhaote (Ulanhot) Iron & Steel Co. Ltd has announced its intention to sell shares in the company in order to finance its planned capacity expansion from the current 400,000 mt per annum to two million mt per annum, and also to enable it to further develop its technology. Owned by the Hsingan government in the Inner Mongolia region, Wulanhaote Steel mainly produces rebars and wire rods. The local government is expected to issue tender invitations to Chinese mills after listing the assets of the mill. The mill also owns iron ore and coal mines.