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
The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.
For news cooperation, please contact us by email: firstname.lastname@example.org or email@example.com.