Shandong Iron&Steel Group Co Ltd put into operation of its phase I Kashgar steel project on December 18th 2012. With total investment of CNY 3 billion on its phase I project, Kashgar steel project is equipped with matched production line of hot metal, crude steel and steel products, with annual capacity of 1 million tonnes.
After being finished, the sales revenue and pre tax profits are expected to increase CNY 15 billion and CNY 1 billion severally.
Source:
http://www.steelguru.com/chinese_news/Shandong_Steel_Group_put_into_operation_of_Kashgar_Steel_project/295924.html
