27
Sep
10:51
Valin Xianggang to add high-speed wire rod line
Xiangtan Iron & Steel (Xianggang), a subsidiary of China-listed Valin Steel, plans to add a high-speed wire rod line as part of the move of the firm’s long products arm into special steels, according to Valin’s exchange filing on 27 September.
The plan has been approved by the board of directors. Xianggang intends to invest CNY 700 million ($98m), and construct the project between September 2022 and September 2023, Kallanish notes.
Xiang…
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