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PrintIt is reported tat Handan Steel's new area, with total investment of CNY 19.3 billion was completely put into operation. The steel maker thus possesses annual capacity of 4.5 million tonnes of high grade HRC.
As per report, the new area will brought annual revenue of about CNY 30 billion to the steel maker. Besides, the second stage project of the new area, financed by over CNY 6 billion has been started. The project, designed with annual capacity of 2.15 million tonnes of steel sheet for automobile, will be finished in 2010.
(Sourced from MySteel.net)
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