It is reported that the energy medium signing ceremony for Benxi Steel's Stainless CR project was held June 12th in the Development and Reform Commission of Dandong city, Liaoning province, marking the completion of the prophasic preparation for the project. The construction is set to start as of the end of this month.

As per report, the project includes two phases of construction. The first phase project funded CNY 1.3 billion will produce 100,000 tonnes of stainless CR sheet yearly in a wake of start of its service as of 2011. Its annual sales income is expected to top CNY 2 billion.

(Source:www.dd.nen.com.cn)