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10 Oct
06:41

Jinxi Steel abandons Fangchenggang project

Chinese steelmaker Jinxi Iron & Steel has signed an agreement with the Fangchenggang government in southern China’s Guangxi Province for the cancellation of its project in the city, Kallanish notes. The company is headquartered in China’s largest steel producing province, Hebei, in the north. In September 2019, the company reached a pact with the Fangchenggang government to invest CNY 30 billion ($4.2 billion) to build a production base for H-beam …
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