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

China-based Sany’s CNY200bn ($28.9bn) Smart Steel City project’s construction starts in September. The project aims to create a steel industry cluster in Zhuzhou Hetang District. 


The project aims to build an innovative steel supply chain and focuses on the construction of three business groups; steel processing, industrial finance and steel trade logistics. In the current phase of construction of around 100,000sqm ground is being prepared and the company strives to complete the main project before the end 2020. 


Sany is leading equipment manufacturer with a focus on building construction machines. Smart steel project will houses 3,000 advanced steel enterprises which will include raw material producers and equipment manufacturers supplying products to Sany.   


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