According to report, Guangxi Wuzhou Jinhai Stainless has started its second stage expansion for adding one annual capacity of 300,000 tons of cold-rolled stainless steel plant.
It costs about RMB 600 million and it is expected to commission in June 2013.
Jinhai already started one stainless melting plan this month with annual capacity of 1 million tons every year. It produces 200 and 300 series stainless flat products.
Jinhai purchases domestic scarp and sells CR strips at Guangdong province. It will also plan to get one importing license.
Jinhai is the subsidiary of steelmaker Foshan Jinhai Huihuang in south Guangdong province.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=61531&division=A1
