It is reported that Xinxing Pipes Group lately announced a plan of strategic development in Xinjiang area, which says a list of steel enterprises will be built there to generate a target sales income CNY 50 billion per year.
As per report, Xinxing Pipes wants to construct mills for producing 1.8 million tonnes centrifugal cast oil tube mill, 1.36 million tonnes quality steel for manufacturing, 200,000 tonnes high carbon ferrochrome, 1 million tonnes HR stainless steel coil and wire rod every year.
