IN BRIEF (Page 13)
China Daily | Updated: 2010-01-08 08:06
Baosteel unit in Aksu
Xinjiang Bayi Iron & Steel, a unit of Baosteel, will spend 10 billion yuan to build a steel production base in Aksu, the Xinjiang Uygur autonomous region.
Construction work on the base, with an annual capacity of 3 million tons, is expected to start this year and set to be completed before 2015. Bayi Iron & Steel currently produces 7 million tons of steel products annually.
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