SHANGHAI, Jun 25 (SMM) – China’s Kunming Steel plans to build an integrated steel mill with annual capacity of 4 million mt in Myanmar, as part of the Belt and Road Initiative.

Yunnan Yongle Overseas Investment, a subsidiary of the Yunnan-based steel giant, signed the agreement with the Myanmar Steel Association earlier this month.

The blast furnace-based plant will be constructed in two stages of 2 million mt each, along with sintering, coking and power generation facilities. The mill will produce hot-rolled coil, rebar, wire rods and sections.