On 12 June an energy medium signing ceremony was held for Benxi Steel's Stainless CR project in the Development and Reform Commission of Dandong city, Liaoning province, marking the completion of the prophasic preparation for the project. The construction is set to start as of the end of this June. The project includes two phases of construction. The first phase project funded CNY 1.3 billion will produce 100,000tns of stainless CR sheet yearly in a wake of start of its service as of 2011. Its annual sales income is expected to top CNY 2 billion. |
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