|Update on Jiangtang Steel Project progress
It is reported that Shougang Jingtang Steel Project has achieved great progress since the construction start on March 12th 2007.
The first phase of Jingtang Steel Project would have steel capacity of 4.85 million tonnes per year, including two sets of coke ovens, one sintering machine, one BF, three sets of converters, two sets of continuous casting machines, one HSM. With an investment of CNY 35.4 billion, the project is planned to be commissioned in October 18th 2008.
Total expenses by this March is CNY 13.7 billion and projects such as finished steel products quay, coking, iron making, steelmaking, 2250mm HR are under construction in order. At present, the construction of main infrastructure has been completed and they begin to install equipment.