On March 16, Hebei Province-based Chinese steelmaker Chengde Iron and Steel Group Co., Ltd (Chengde Steel), a subsidiary of Chinese steel producer Hebei Iron and Steel Group Co. (HebeiSteel), announced that it has successfully delivered 30,000 mt of vanadium-added rebar for construction work on Ruyi Island in Hainan Province.
The steel will be used in land reclamation on Ruyi Island. The island covers a total area of 716.34 hectares and is a high-end environmentally-friendly tourist resort.