Newssummary:Shangtai Industry to Put 600,000-tpy Ferronickel Line into Production in June

Published: May 25, 2015 17:03

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Inner Mongolia Shangtai Industry Co. will put 600,000-tpy ferronickel line into production in June, the company’s website reported.

SHANGHAI, May 25 (SMM) - Inner Mongolia Shangtai Industry Co. will put 600,000-tpy ferronickel line into production in June, the company’s website reported.

Total investment for the project is 4.8 billion yuan and the project consists of two phases.

The project will produce 600,000 tonne of ferronickel and 1 million tonne of stainless steel. The output value of the project will be RMB 15 billion as well as profit and tax RMB 1.5 billion. Also, 2,000 new jobs will be created

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