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Sinosteel to set up steel scrap centre in Shenyang
August 18, 2008: Sinosteel, China's biggest steel trading house, plans to build up a 1 mln tpa steel scrap processing centre in Northeast Shenyang. It plans to invest CNY 500 million in the centre. The project is expected to run production within two years.
Sinosteel plans to start production at the nickel ore project in Indonesia before 2008 end, and run its iron ore mine at Cameroon soon. Its iron ore project in Zimbabwe has already commenced operation and its JV ferronickel plant with Baosteel already started production.
Source: Steelguru.com