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Friday, February 25, 2011

Wuyang Steel to step up R&D on steel grades for marine applications


Thursday, 24 February 2011

Henan Province-based Chinese steelmaker Wuyang Iron and Steel has stated that it intends to strengthen its research and development (R&D) regarding steel grades used for marine engineering applications.

By 2015, China's annual output value of steel grades used in marine engineering applications is expected to exceed RMB 100 billion ($15 billion) and to account for a 20 percent share of the overall international market.

With a view to tapping this expanding market, Wuyang Steel has recently developed A514 GrQ and A517 GrQ steel grades used in marine engineering.

Tags: China , Far East , production , steelmaking , East Asia and Pacific,develop steel grades for marine engineering, China steel production,

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