It is reported that Baoshan Iron and Steel Group desires to invest in the scrap steel processing project in Changsha County Ansha town Maotang industrial district.

Baoshan is expected to process scrap steel more than 300,000 tonnes every year and can realize profit taxes nearly CNY 100 million after it is completed.

As per reports, if the project can be successfully implemented it will be the eighth project for Baosteel in the nation and also be the first same type project in the middle redion of the country.