Tag: China: Baosteel To Invest on Higher Grade Steel Plant to meet Demand for Energy Vehicles

China’s major steelmaker Baosteel is planning to invest in a new production line for the non-oriented silicon steel manufacturing base in its Baoshan province over increased demand for higher-end products used in energy vehicles. The current annual production capacity of non-oriented silicon steel stands at 2.8 MnT which includes 0.4 MnT of high-grade products. The…