General Steel plans expand rebar production
Mar 11, 2013 | 12:57 PM
| Samuel Frizell
Tags
General Steel Holdings,
rebar,
western China,
reinforcing bar,
steel demand,
Shaanxi,
Samuel Frizell
NEW YORK — A leading independent Chinese steel producer, General Steel Holdings Inc., is expanding its rebar rolling production to meet demand from the country’s less-developed provinces.
The installation of an additional line at the company’s main manufacturing facility in China’s Shaanxi province will increase the plant’s rebar capacity to 3.3 million tonnes per year by late 2013 from 2.1 million tonnes currently. The company expects the continuous rolling line to reduce rebar production costs by up to 70 yuan ($11.25) per....
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