State-owned Wuhan Iron and Steel Corporation and Liuzhou Iron and Steel Corporation have decided to invest $8 billion (60 billion yuan) to build an iron and steel production base at Fangcheng Port in Beibu Bay of the Guangxi Zhuang Autonomous Region. The base is scheduled to have a production capacity of 10 million tonnes.
When put into operation, the iron and steel production base will provide rolled steel to southwest and south China regions. It can also meet ASEAN demand for rolled steel.
When put into operation, the iron and steel production base will provide rolled steel to southwest and south China regions. It can also meet ASEAN demand for rolled steel.