Valin Xiangtan Steel for the construction of a bar and sheet steel production plant

Chinese steel company Valin Xiangtan Steel (Valin Xiangtan Steel), located in Hunan Province, plans to implement a large-scale round and flat premium steel production line project, as announced by its parent company, Chinese steel company Valin Steel, located in Hunan Province. The investment in the project is expected to amount to 880 million yuan ($127.5 million) with a construction period of about 13 months and a projected annual production capacity of 800,000 tons.Valin Steel stated that the project will focus on high-quality core and sheet steels, in line with the imperatives of national policy to promote high-quality special steel research and development. It will strategically focus on high-value-added grades, including gear steel and bearing steel, with the aim of developing mission-critical steel materials to upgrade and modernize high-quality machinery and equipment.