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.
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.
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.
Besides the cold-rolling
plant investment in Vietnam, CSC will also set up an operating liaison office in New Delhi, capital of India, by the end of June this year.
CSC says its third cold-rolling
production has begun trial run with designed capacity of 1.
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.