Maanshan Iron and Steel Co says it would invest RMB 100M ($15.9bn) in energy saving projects this year despite operational losses.

The company said it was poised to upgrade facilities to deal with waste water and gas and carry out flue gas desulphurisation of its 135MW power generation units this year.

The steelmaker has invested a total of RMB 4.28bn in environmental protection projects since 2006, said the company.

Source: China Metals e-mail [email protected]