02
Apr
11:13
Jiangsu Delong details Baorun’s steelmaking project
Liyang Baorun Steel has recently detailed its 2.8 million tonnes/year high-end steelmaking project, which is located at the original site of bankrupt Jiangsu Shente Steel.
Baorun plans to use total investment of CNY 4.1 billion ($624 million) to realise 2.8m t/y capacity of stainless steel products, Kallanish notes. Equipment to be purchased include an electric arc furnace (EAF), medium frequency furnace, AOD and LF refining furnaces, and other auxiliary faci…
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Very good overview of the weekly steel market.
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