Yanshan Iron and Steel Cold Rolled Steel Plate Co. to invest RMB 1.5 billion in Yuncheng City

Yanshan Iron and Steel Cold Rolled Steel Plate Co. signed an agreement with the people’s government of Yanhu district in Yuncheng city, planning to invest RMB 1.5 billion ($0.22 billion) in a cold rolled steel plate project in Yuncheng city, Shanxi Province, as reported by Yuncheng Daily. Accordingly, the project will have an annual capacity of 2.5 million mt for cold rolled steel plate, with annual sales revenue of RMB 15.0 billion ($2.2 billion).