China’s Jiangsu Shagang is set to invest RMB 14.8 billion in a steel integration project which consists of integration and reorganization of some private enterprises in Henan’s Anyang city. The completion of this project will result to an increase in the iron making capacity to 4.94 mn t and steel-making capacity to 5.5 mn t, making it a competitive player of construction steel in central China.
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