The Anshan Iron and Steel commissioned its high speed rolled wire rod production line with an annual capacity of 800,000mt. The project was officially completed on July 11.
The company, located in Ya’an city in Sichuan province in China, now has a total capacity to produce 1.6mn mt of rolling steel. The company has an investment of CNY500mn of which CNY350 is for 800,000mt of high speed rolled wire rod production line and CNY 150mn for 800,000mt of flat rolled steel bar production line.
After the technical transformation takes place, low energy consumption and ultra-low emissions will lead to efficient and green manufacturing. This will result in the company’s annual output value to exceed CNY10bn.
($1= CNY 7)