Yukun Iron and Steel Group is setting up a Green Steel City (GSC) in Yunnan province, according to government agency China Metallurgical News. GSC consists of two steel plants each having 8.13mn mt of steel production capacity. The project was announced in 2018 for replacing capacity from Yukun’s mills in Yuxi city.
The project entails an investment of CNY21.2bn. After completion, its annual production capacity will be 5.15mn mt of crude steel and 10.25mn mt of steel. The group has also invested CNY8.3bn in Xianfu project with an annual output of 2.98mn mt of crude steel and 2.4mn mt of steel products.