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Baosteel To Build Aluminium Smelter Test Project In Henan Province

Metal News - Published on Mon, 24 Jun 2019

Image Source: Owler
China’s Henan province will be the home of an alumnium test project operated by Baoshan Iron and Steel Co Ltd. The Sanmenxia City Urban and Rural Integration Demonstration Zone said that the initial phase of the project would consist of a plant with a capacity of 300 thousand metric tons per annum. The first phase would come with a price tag of CNY6.14 billion (USD 889.35 million)

Construction is expected to take nearly a year, with first production slated for next June. Overall the project is seeking sales revenue of CNY 6.08 billion (USD 880.68 million) per year with an ultimate nameplate capacity of 600 thousand tonnes per annum.

According to experts, China’s steel industry is ramping up efforts at diversification due to concerns over the future of demand growth from the downstream sector. Baosteel has already gone on record at pursuing efforts at breaking into the automotive aluminium game, and it has begun making inroads in the sector already, as affiliate Baosteel Metal recently purchased a portion of aluminium alloy maker Nanjing Yunhai Special Metals.

Source :

Posted By : Ratan Singh on Mon, 24 Jun 2019
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