August 30, 2008

Magang completes 5 million tonne steel project

Anhui Province based integrated steel producer Ma'anshan Steel has completed its expansion project in the new area for production of high end steel products and gaining sharper competitiveness. It took only two years for the steelmaker to finish construction of the 5 million tonne per year steel production lines comprising of sintering, smelting, steelmaking, hot rolling, cold rolling and galvanizing, which represents a new growth speed based on the company's innovative spirit.

Ma'anshan Steel took 22 years to build the first 1 million tonnes capacity, 17 years to add to 3 million tonnes and 7 years more to reach 10 million tonnes.

On completion of the new project, which features high technology, optimized structure, cyclic economy and sustainable developing capability, the Anhui based largest steelmaker has formed some 16 million tonne per year dimension.

(Sourced from MySteel.net)