Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

China’s Baowu steel plans to build a low emission steel plant in Xingyang city of Hubei province with an annual capacity of 1.3mn mt, according to the Chinese Society of Metal. 

The Hubei province was an epicentre of COVID-19 pandemic. Industries in province were affected early this year. Xingyang city had held an investment promotion meeting recently to attract investment in the area. Around 10 projects finalised in this meeting with an investment of CNY5.05bn. 

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