Zhanjiang Longteng Logistics Co Ltd set to launch China’s first five million tonne per year pellet project, a CNY 2.5 billion project jointly established by Baosteel, Shaoguan Steel and Zhanjiang Port Group and consisting a 50,000 DWT dock, a stock yard, a pellet production line and infrastructure facilities.

The project is part of the Baosteel dominated Zhanjiang Steel base that will produce 9.2 million tonnes of pig iron, 10 million tonnes of steel and 9.4 million tonnes of steel products from the end of 2011 with a total investment of CNY 140 billion.

(Sourced from www.chinaesteel.com)