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Baosteel Group plans to complete construction on the first blast furnace system of its massive iron and steel facility in Zhanjiang in Sept 2015, ahead of schedule.

The project requiring an overall investment of more than 50 billion yuan ($8 billion) will turn out 8.2 million tons of iron and 8.7 million tons of steel, said Sheng Genghong, general manger of Baosteel Zhanjiang Steel Co Ltd.

"Everything moves on smoothly as planned and I am confident we will finish construction ahead of schedule. Originally we planned to have the first blast furnace system go into operation in Dec 2015," said Sheng.