It is reported that China’s Taigang Stainless Steel will commission its JV of 200,000 tonnes per year cold rolled stainless steel plant by the end of 2008. It will make the company’s total cold rolled stainless output to reach 360,000 tonnes per year.

As per report this new 50:50 JV is under operation of Tianjin Taigang Tianguan Stainless, which was set up by Taigang Stainless and Tianjin Pipe Group. It costs Taigang Stainless around USD 112 million to own 50% stake.

Taigang’s emergence of presence will increase at the stainless market of northern China through this deal.