November 20, 2008

Steel international logistics center establish in Xinjiang Urumqi

It is reported that a steel international logistics center with planning area of 1.6 square kilometers is being constructed in Xinjiang Urumqi.

As per reports, investment of the project is about CNY 590 million and will have 120,000 tonnes steel reserves capacity. At the same time, the trade market wick two special railway lines with the total length of 1.2 kilometers.

When the center is complete on 2010 it will become the largest steel and metallurgical distribution center for procurement transactions in the middle of Asian region. After completion, the center will have 5 million tonnes of steel throughput, focus on negotiations, procurement, transactions, logistics etc.