Tangshan Ruifeng Iron and Steel company is undertaking a renovation of its plant, after which the annual output will be 2.4mn mt of strip steel, China Metallurgical News, a government agency, reported on April 20.
Renovation work began in September 2019 and will be complete by December this year.
The company is mainly building a 2,100 cubic metre blast furnace; a 210mt converter; and 1,580mm hot rolled steel strip production line.
Tangshan Ruifeng has invested CNY 7.7bn in the project.
Tangshan Ruifeng Iron and Steel is based in Tangshan city, Hebei province.
($1= CNY 7.07)