

Panzhihua vanadium and titanium announce to increase$ 344.93 million to Anshan Steel Company, a wholly owned subsidiary in Hong Kong and Anao Company , which equivalent to about 2.189 billion yuan.
The project of Shougang Xilang Ao whose annual output of cold rolled sheet is 1 million tons was started to build in the Yangjiang High-tech Zone Port Industrial Park of Guangdong Province.
In five years,,Baosteel will continue to adjust and compress Part of the production capacity in Shanghai , reduce Iron capacity approximately 5.8 million tons ,and steel capacity approximately 6.6 million tons, accounting for about 30% of Baosteel steel production capacity.
On July 28, the Wuhan Iron and Steel Jiangbei Industrial Park foundation,was Started whose total investment is 7.7 billion ,and planed to Achieve steel processing, 2 million tons logistics annual production capacity ,10 billion annual output value by the end of 12th Five-Year Plan.
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