The government of the eastern Chinese province of Shandong recently published a list of key projects aimed at the restructuring and invigoration of the steel industry in the province, including 200 projects either under construction or being planned, which are expected to cost a total investment of RMB 181.9 billion ($26.6 billion).
I. 59 projects are under construction in Shandong Province for the purpose of improving steel product variety, amounting to a total investment of RMB 32.72 billion, with fixed assets investment of RMB 29.77 billion. Of these projects, 13 are under construction for flat rolled products, 22 of the projects are for pipes, three are for wire rod products, while the remaining 21 projects under construction are for other various products.
II. 15 projects are under construction for the purpose of resource development, amounting to a total investment of RMB 7.03 billion, with fixed assets investment of RMB 5.39 billion.
III. 10 projects are under construction for energy conservation and pollution reduction, amounting to a total investment of RMB 1.95 billion, with fixed assets investment of RMB 1.63 billion.
Meanwhile, the number of projects that are currently in the planning phase for the restructuring and invigoration of the steel industry in Shandong Province is 116, totaling an investment of RMB 140.16 billion, with fixed assets investment of RMB 118.18 billion.
I. 73 projects are in the planning phase for the purpose of improving steel product varieties, amounting to a total investment of RMB 131.26 billion, with fixed assets investment of RMB 111.39 billion. 24 of these projects concern flat rolled products, there are 13 projects for pipes, 11 for wire rod and 25 for various other products.
II. 9 projects are being planned for the purpose of resource development, amounting to a total investment of RMB 2.59 billion, with fixed assets investment of RMB 2.31 billion.
III. 34 projects are in the planning stage for energy conservation and pollution reduction, amounting to a total investment of RMB 6.22 billion, with fixed assets investment of RMB 4.48 billion.