Angang Steel Company Ltd (Ansteel) plans to build a 1Mt/y CR mill in southeastern China’s Fujian Province.
The company said it would be located in Putian City with an investment budget of RMB 3.8bn ($556M). Local supply of steel can only feed about 67% of demand, with the gap for flat products much bigger.
The planned mill will have production of 700kt/y CR coil and 300kt/y hot galvanized coil, designed mainly for home appliances as well as automotive and construction.
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