Chongqing Iron and Steel to invest 730 million yuan to build smelting equipment

NetEase Financial December 23 news Chongqing Iron and steel evening notice, respectively, investment 330 million yuan and 400 million yuan construction 1x360m2 sintering project and a complex heat type 60 hole 6 meters top Coke oven and its supporting works.　　The completion of the construction project is expected to bring the company an annual output of 3.56 million tons of sintered ore and 600,000 tons of coke capacity. According to the Zhongqing government's overall deployment of the parent company's environmental relocation and specific arrangements, the company is expected to Zhongqing Dadukou District production line will be closed by the end of June 2011, when the company's production activities will be in Chongqing, China Changshou District Jiangnan Town.　　Therefore, the proposed construction project has the strategic importance, in order to match with the steel rolling production capacity of this area, play the whole system the scale superiority.　　Chongqing Iron and steel for a large Chinese steel enterprises and China's largest manufacturer of medium and heavy steel, the main production and sales of medium and heavy steel, profiles, wire, cold-rolled sheet, commodity billet and coking by-products, ironmaking by-products. Chongqing Steel today closed at 3.94 yuan, down 1.01%.