Jinxi Steel buys more quotas for Fangchenggang relocation
Dec 06, 2019 11:24
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Hebei Jinxi Iron & Steel Group (Jinxi), China’s leading section steel producer headquartered in Beijing, has secured another 1.35 million tonnes/year steel capacity for its final location to the Fangchenggang city, Southwest China’s Guangxi with a 10 million t/y greenfield steelworks, a company official confirmed on December 5.
Jinxi, with two steelworks in Tangshan, North China’s Hebei province, operates 9 million t/y steel capacity producing mainly H-beams, I-beams and sheet piles, and it has been planning to move out of the city to the coastal Fangchenggang in accordance with Beijing’s strong encouragement.
Whereas for steel mills in Hebei, even