December 03, 2008

Tianjin accelerates construction of scrap processing center

It is reported that the city of Tianjin is now accelerating the construction of five processing centers including scrap, stainless scrap, scrap auto and waste paper.

The infrastructure construction of scrap processing center has already been completed. 11 production processing areas have been finished and there are 20 areas in total. The design sales volume is 1 million tonnes per year.

The expansion project of stainless scrap processing center has already been completed and there are totally 16 sets of equipment. At present, the sales value of stainless scrap in the group is CNY 2 billion and it is one of key supplier of stainless scrap to Taiyuan Iron & Steel Group Co.

200,000 tonnes scrap line will be put into production soon. With a total investment of CNY 48 million, the annual scrap processing capacity would be 1 million tonnes.