It is reported that Shougang Steel Logistics Processing Base, with investment of CNY 0.15 billion in first phase and expected annual output value of CNY 2 billion and tax of CNY 30 million is expected to be put into production in Gangkou Town, Zhongshan City in the first half of 2011.
Shougang Jing-Tang Steel mill main project of the first phase has been put into production in 2010 with 10 million tonnes of steel for manufacturing plates which will explore market towards end customer. Economy in Zhongshan area developed fast involving equipment-manufacturing industry, home appliances and steering system parts and other industries which will promote high demand of steel.
Recently, Guangdong Municipal Government published Zhujiang Delta Industries Layout Program in 2010-2020 involving 150 projects including transportation, energy resources, water conservancy and informatization, with total investment of CNY 1976.7 billion in 10 years of which CNY 938.7 billion will be invested in 2009-2012.
Along with the fast speed of investing in Zhujiang Delta, steel demand will be further expanded which will lay a foundation for Shougang establishing steel logistics base in Zhongshan city. In addition, Mr Zhu Jimin President of Shougang Group hoped that the logistics base not only provide the current shearing and delivering services, but also provide stamping services.
(sourced:mysteel)Shougang Jing-Tang Steel mill main project of the first phase has been put into production in 2010 with 10 million tonnes of steel for manufacturing plates which will explore market towards end customer. Economy in Zhongshan area developed fast involving equipment-manufacturing industry, home appliances and steering system parts and other industries which will promote high demand of steel.
Recently, Guangdong Municipal Government published Zhujiang Delta Industries Layout Program in 2010-2020 involving 150 projects including transportation, energy resources, water conservancy and informatization, with total investment of CNY 1976.7 billion in 10 years of which CNY 938.7 billion will be invested in 2009-2012.
Along with the fast speed of investing in Zhujiang Delta, steel demand will be further expanded which will lay a foundation for Shougang establishing steel logistics base in Zhongshan city. In addition, Mr Zhu Jimin President of Shougang Group hoped that the logistics base not only provide the current shearing and delivering services, but also provide stamping services.
Tags : steel demand, China's domestic steel industry
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