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Sep.19.2019 1USD=7.0728RMB
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Baosteel Will Invest 2.4 Billion Yuan in New Production Line

//en.steelhome.cn [SteelHome] 2019-09-11 15:54:26

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Recently, Baosteel announced that they will optimize the product structure of non-oriented silicon steel in Baoshan production base to meet demand of new energy vehicles and high-end inverter compressors.

It is learned that the total investment of this project is 2.4 billion yuan and is expected to be completed in 2023. At present, the company has a total annual production capacity of 2.8 million tons of non-oriented silicon steel, of which high-grade products have a capacity of 400,000 tons.

(To contact the reporter on this story: leo.ji@steelhome.cn or 86-555-2238932)
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