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[ferro-alloys.com] in the 22^nd, July, the steel and iron project, as the largest processing item, signed the contract in the Ganzhou development zone, Jiangxi province, China. It was invested by the Guagdong Shaoguan Steel and Iron Co. LTD of Baosteel Group. 

 

According to the news, the project all invested RMB 2 billion, covered an area of 246, 66 thousand square meters and included two phases. It would mainly produce metallurgical non-standard equipment (components), hydraulic system and accessories, automobile parts, develop the steel deep processing and other business. After the project is completed and put into operation, it will predict to gain the RMB 6 billion sales revenue and pay RMB 55.07 million taxes.