Angang starts construction on steel processing project in Wuhan

21/03/2012 09:16 AST

It is reported that four new projects both steel and non-steel were launched in terms of construction or production in Wuhan Economic and Technology Development Zone in the Chinese province of Hubei, with a total estimated investment cost of CNY 6 billion.

Among these projects, Chinese steelmaker Angang has launched construction of slitting, shearing and laser welding lines with an annual output capacity of 200,000 tonnes to supply cold rolled sheet to automobile and home appliance companies in Wuhan. The total investment in this project by Angang is expected to reach CNY 365 million.


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