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11 Jan
07:53

Liugang Zhongjin begins construction of stainless steel project

The latest market news from Foshan reveals that Liugang Zhongjin's 5 million tonnes/year stainless steel production base began the first phase of construction on 11 January. The project is expected to produce 1.46m t/y of pig iron after completion, Kallanish notes. The construction period will span 2019-2021 with a total investment of CNY 5.6 billion ($823 million). There are also plans to install 300,000 t/y of high carbon ferrochrome ca…
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