Masteel Hefei branch plans to establish a new CR sheet project in Hefei circular economic park during the 12th Five-Year Plan period.
This project will need about 5 billion yuan, and its designed annual CR capacity is 1.2 million tons. Those CR products will be the high-end auto sheet and home application sheet.
"This CR project will be completed by the end of 2012, and run into operation in 2013', a source familiar with the project expresses.