September 07, 2008

Shougang put CR complex into production at Shunyi

It is reported that cold rolled steel production line of Shougang put into production on May 10th 2008 in Shunyi direct of Beijing.

The total investment of the project was CNY 6.4 billion and the total capacity is 1.5 million tonnes with 800,000 tonnes of CRCA and 700,000 tonnes of HDG. The products are mainly focused on high quality automobile plate, steel sheet used for construction etc

The total area of the project was 730 thousand square meters. The foundation was laid on July 2nd 2007. It is learned that Shougang issued CNY 2 billion convertible bonds in 2003 and all used for the projects construction.