Masteel to make high-speed wheels

China's domestically produced wheels for high-speed trains traveling faster than 250 kilometers per hour will be ready to replace the imported ones as early as in the first half of 2017, according to a leading Chinese train wheel maker.

"Currently, the wheels used on the Chinese high-speed trains, except those for experimental and test purposes, are all imported," said Su Shihuai, vice-president of Ma'anshan Iron & Steel Co Ltd, a publicly traded company controlled by Masteel Group.

He added that such an "embarrassing" situation will be changed next year.