26
Sep
01:00
Formosa to add CRC to China stainless plant
Taiwan’s Formosa Plastics Group (FPG) could invest $500 million in a new 400,000 tonnes/year stainless cold rolling mill at its plant in Zhangzhou in southeast China’s Fujian province, according to Taiwanese media reports. FPG commissioned the first phase of its $1.31 billion Fujian Fuxin Special Steel project in August, Kallanish learns.
The existing plant has a crude stainless steel capacity of 720,000 t/y from a 160-ton electric arc furnace, 1…
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