SHANGHAI, Jun 28 (SMM) – Liuzhou Steel kicked off the construction of its steel project in Fangchenggang in south-west China on Thursday June 28, SMM learned.
Located along the coast, the project includes pig iron capacity of 10.68 million mt and crude steel capacity of 14.7 million mt. The capacity would replace 10.75 million mt of pig iron and 14.8 million mt of steel in Liuzhou city, some 400 kilometres away from Fangchenggang.
Liuzhou Steel took over this project from Wuhan Steel last year after it had been stalled for about five years.
In September 2008, Wuhan Steel and Liuzhou Steel set up the Fangchenggang project as a joint venture, which was approved in May 2012. In 2015, Wuhan Steel took full ownership of the project but no development was made amid an industry downturn.