According to Jiangsu Province-based Chinese steelmaker Jiangyin Xingcheng Special Steel, production has reached full capacity at the third phase of its Xingcheng steel project. The third phase of the project includes a 3.5 meters steel plate steckel mill and a 4.3 meters wide and heavy plate mill.

Since commissioning in April this year, the two production lines in question have produced 1.65 million tonnes of steel products, earning sales revenue of CNY 10 billion. Meanwhile, output and sales revenue of the production lines for the current year are expected to reach 2 million tonnes and CNY 12 billion respectively.

Total investment in the third phase of the project amounted to CNY 11 billion. The two production lines in question have an aggregate annual output capacity of 3 million tonnes of steel plate.

(Sourced from Steel Orbis)
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