Xuanhua Steel pellet project commissioned

June 26, 2008

June 26th (Steel Guru) – It is reported that the expected Xuanhua Steel in China’s Hebei province held the ceremony for its pallet plant in Chicheng County.

As per report, this project is jointly invested by Xuanhua Steel and other four private enterprises, but controlled by Xuanhua Steel.

The total investment of it is CNY 280 million with a planned annual output of 10 million tonnes of pellet. In addition to building a pellet production line, a 1.5 million tonne concentrate stockpile and a 20,000 tonne finished pellet stockpile area will be set up.

The sales revenue will reach to CNY 1.6 billion with CNY 100 million of profit and tax after the project put into production on July 1st 2008.

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