It is reported that Laiwu Iron and Steel Co Ltd has successfully won the bids for Shanghai-Hangzhou high-speed railway construction project and received the first order of 500 tonnes on June 05th.

Shanghai-Hangzhou high-speed railway, with the planned total investment of CNY 29.68 billion has met the crewel electrization construction standards.

As per report, the later-stage project will use 10,000 tonnes of I-beam, which are the competitive products of Laiwu Steel. The already-signed supply contract has laid a solid foundation for the section steel products in the later-stage project.