Shanghai-based Chinese steel giant
Baosteel has announced that, following its wholly-owned subsidiary
Baosteel International's winning of a supply contract for
China National Petroleum Corporation's Xiangguo Temple underground natural gas storage facility, Shandong-based Yantai
Baosteel Pipe Co. has completed first deliveries of high grade large diameter seamless line pipes for the project.
Yantai
Baosteel Pipe Co., Ltd. is a joint venture built by
Baosteel and Yantai Lubao Steel
Pipe Co., Ltd. It is expected its annual capacity will reach 600,000 mt of seamless pipes.