China-based Guangdong Yongjin Metal Technology has completed its equipment installation in stainless steel cold-rolling project in Yangjiang City. The equipment is a 20-roller reversible cold-rolling unit. The cold-rolling mill is scheduled to be constructed in two phases to produce 300,000mt annually. The project’s first phase commenced in January and currently produces 8,000-10,000mt of products.  The project entails an investment of CNY1.81bn ($250mn). After commissioning second cold rolling unit in March, the company looks to achieve the planned output of 25,000mt by April.

 

($1 = CNY7.08)

 

Leave a Reply

Your email address will not be published.