Trade Resources Industry Views Linyuan Steel Planned to Pay RMB328 Million to Acquire a Raw Material Plant

Linyuan Steel Planned to Pay RMB328 Million to Acquire a Raw Material Plant

It’s reported that Chinese steelmaker Linyuan Steel planned to pay RMB328 million to acquire a raw material plant and an oxygen plant from its parent group Lingyuan Iron and Steel Group.

It’s learned that the plant produced raw material with annual capacity of 546,000 tons of lime and 4.4 million tons of iron ore fines.

Meanwhile, the oxygen plant is capable of producing 333 million m³ of oxygen each year.

Source: http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=65543&division=A9
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Linyuan Steel Acquires Raw Material Plant and an Oxygen Plant
Topics: Metallurgy