China-based Yukan Iron and Steel awarded EPC contract for the construction of Yunnan Green Steel City, which is part of the company’s capacity replacement and upgrade project.
Yukun group signed a CNY15bn ($2.14bn) Engineering, procurement, construction (EPC) contract with the Yunnan Construction Investment Group for the construction of Green Steel City in Yuxi, Yunnan province. The project is scheduled to be completed in three years.
The project consists of 4 blast furnaces; two 1200m3 and two 1250m3 and three 100t converter and a 120t converter, alongwith eight rolling lines and other supporting units. The total investment for the project is CNY21.2bn. On completion of the project, Yukun group will become the largest private steel producer in the southwest China. The advanced green steel facility with an annual installed iron-making capacity of 4.56mn mt and crude steel capacity of 5.15mn mt.
Yunnan Construction Investment Group is a state-owned capital investment body that manages and funds industrial construction in the Yunnan province.
($1=CNY7)