30
Jun
03:54
Baowu Wugang adds non-oriented silicon steel lines
On 29 June, Baowu subsidiary Wuhan Iron & Steel (Wugang) marked the construction of its non-oriented silicon steel project. The ceremony was attended and announced by new Baowu chairman Hu Wangming.
Wugang intends to invest nearly CNY 4 billion ($552 million) into the project to reach capacity for 550,000 tonnes/year of non-oriented silicon steel with higher silicon content, Kallanish notes.
The main processing equipment to be added includes three annealing l…
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Very good overview of the weekly steel market.
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