24
Apr
08:38
Pangang completes new color-coated line hot testing
South-western China’s Panzhihua Iron & Steel (Pangang), a subsidiary of Anshan Iron & Steel, has successfully hot tested a 100,000 tonnes/year colour-coated line. However, Pangang's 2016 annual report shows it lost CNY 5.99 billion ($870.16 million), more than double the loss in 2015, Kallanish notes.
The announcement shows the project started construction in October 2016, mainly targeting the white goods market in southern China, esp…
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