Stainless project to construct in Shanghai

Shanghai Yatai Steel Group and Shanghai Jinchang Stainless Steel Tube Manufacturing Co. Ltd have recently entered into a cooperation agreement for the construction of a stainless steel project in Shanghai with a planned annual production capacity of 500,000 metric-tonnes. The project is expected to achieve an annual pre-tax profit of about US$ 43.93 million when it comes on stream.Nike Paul George PG3