Henan Province-based Chinese steelmaker Xuyuan Stainless Steel Co. has completed the installation of equipment at its new facilities for the production for cold rolled stainless steel plate and stainless steel pipes. The total investment reached RMB 500 million ($77.64 million). Its designed production capacity will be 100,000 mt, both for plate and pipes.
The annual production value will reach RMB 1.5 billion ($233 million) and 300-400 jobs will be provided.