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Huaxia Special Steel Unveils NPI, Manganese And Ferrochrome Projects

[Al] Domestic Refined Aluminum Inventory on May 18th

SHANGHAI, May 18&nbsp;-- Yesterday, the completion ceremony for the first phase of 400kt sulfuric acid project and the starting ceremony for 300kt NPI project were held in Shikong Industrial Park in Zhongning County. They are the subprojects of recycling economic project of Ningxia Huaxia Special Steel. 
&nbsp;&nbsp;&nbsp; Ningxia Huaxia Special Steel invested RMB 7.8 billion in recycling economic project. The whole project also includes 72kt of manganese, 240kt of ferrochrome, 100kt of hydrogen peroxide and 1 million of rare-earth color steel projects. 72kt of manganese metal project has been completed, while 240kt of ferrochrome, 100kt of hydrogen peroxide and 1 million of rare-earth color steel projects will form a recycling economic industrial chain of raw materials processing including manganese, nickel and ferrochrome and deep processing of color steel, special steel and stainless steel. The sales revenue of the company will be expected to reach RMB 60 billion by 2015, with the profit and tax of RMB 6.2 billion.
&nbsp;&nbsp;&nbsp; (Edited by CBI China)

[Al] CBI Daily Review - 2009/5/18 Aluminum Market

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