Longyan Zhuyoing Iron and Steel resumes production of steel following its transformation abiding to the intelligent steel industry 4.0 standards.
The new project will engage in steel casting and produce special steel materials for equipment manufacturing under the national policy of shifting steel capacity from city to suburb. The annual output of the plant is 1mn mt, including 500,000mt of steel casting.
On completion, Longyan Zhuyoing’s output in monetary terms will reach $1.15bn and the supporting projects can achieve $1.44bn.
At present steel capacity replacement project is completed and the company is carrying out land levelling, project planning and other preliminary work. The infrastructure construction and equipment installation will be completed by the end of 2020.