According to data released that Chinnese Ansteel expected to commission a wire rod project at the end of July with total investment approximately RMB 188 million.
However, Ansteel's subsidiary Anyang New Steel Co. would commission the whole project in July this year and it expected to receipt an annual output value of RMB 4.8 billion respectively.
Meanwhile, the company currently facilities included two 132 square meter sinters, two 600 m3 blast furnaces, two 80-ton converters and an 80-ton refining furnace.
Beside, Ansteel has already commissioned a 600,000-tons high speed quality wire rod project, valued RMB 200 million in 2011