China’s Hunan Valin Steel plans to invest RMB 3.147 billion (about $470 million) in the third phase of its automotive sheet project. The facility will primarily produce high-end cold-formable steel for the automotive industry.
The project includes an 850,000-tonne JVD vacuum coating line and a 1 million-tonne continuous annealing line. Valin Steel plans to use ArcelorMittal’s high-efficiency vacuum coating technology, which it says will address a gap in China’s production capabilities for high-end automotive sheet.
Once operational, the project will increase the company’s annual automotive steel galvanizing capacity from 2 million to 3 million tonnes.
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