Bayi Steel, a leading Chinese steel producer and also a subsidiary of Baosteel Group has already initiated its Nanjiang iron and steel base production project since the beginning of construction from two years back for expansion. This project is mainly to expand annual crude steel production volumes to 3 million tons along with 10,000 jobs opportunity with annual sales revenue at RMB10 billion and production values at RMB5 billion. The company expected to benefit and accelerate the ultimate improvement of margins for the company.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=63758&division=A9
