On June 26, Zhejiang Province-based Chinese enterprise Jietai Metal Products began construction work on its new auto sheet and silicon steel sheet project in Lishui, Zhejiang, according to local media reports.
Early this year Jietai Metal Products signed a contract for the project, which is expected to cost RMB 2.2 billion ($349.21 million). The planned annual output capacity of the project is 800,000 mt of auto sheet and 200,000 mt of silicon steel sheet.