Mill) :1.2 million tons/year,
Steel company Sutor Technology Group Limited (NasdaqCM:SUTR) reported on Tuesday that it has completed the construction of a new 500,000 metric tons (MT) cold-rolling production line.
With the new line in commercial operation, the company will have 750,000 MT of cold-rolling capacity to match its 700,000 MT of hot-dip galvanization capacity.
Having recently launched its third brand-new cold-rolling line in Taiwan, CSC chairman J.C.
Ou noted CSC first inaugurated cold-rolling production in March 1982 and has expanded production several times, noting to achieve annual capacity of 50 million metric tons of cold-rolled steel products means a new milestone, and CSC will target 100 million metric tons in annual output of cold-rolled steel coils in the next decade.
Taipei, May 24, 2011 (CENS) -- Seeing the continued growth of China's stainless steel market, Yieh United Steel Corp., the flagship of the E United Group, will invest NT$3.58 billion in establishing a cold-rolling plant in China.
Yieh United said it will import production equipment for the proposed cold-rolling plant in China, which is designed to have an annual production capacity of 700,000 metric tons of cold-rolled stainless steel.
(CSC), Taiwan's largest integrated producer of steel products, will soon begin construction of a cold-rolling
plant located at My Xuan Industrial Park of Ba Ria-Vung Tau province, Vietnam.
CSC says its third cold-rolling
production has begun trial run with designed capacity of 1.5 million metric tons yearly, 1.1 million metric tons of which are mainly cold-rolled steel coils and the remaining 400,000 metric tons being hot-dip galvanized steel coils.
The company is eager to invest in the second-stage expansion of Dragon Steel plant, a cold-rolled steel plant in Vietnam, the establishment of the third cold-rolling
production line in Kaohsiung plant, and investments in overseas coal and iron mines.
CSC will likely invest in FPG's steel mill in Vietnam, after the latter had invested in CSC's cold-rolling
plant in the same nation.
CSC will invest NT$37 billion (US$1.12 billion at US$1:NT$32.9) to set up a cold-rolling
steel mill in Vietnam in joint venture with Japan-based Sumitomo Metal Industries Co.