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22 Jan
09:25

Rizhao banks on ESP to profit in 2016

Eastern China’s Rizhao Steel says it is continuing major investment in its capacity, including new blast furnaces and continuing to expand its Endless Strip Production (ESP) technology. The company hopes its efficiency can keep it profitable through the downturn, Kallanish notes. Rizhao has so far commissioned three of five planned ESP lines, with a total planned capacity of 11 million tonnes/year, equipment supplier Primetals confirms (the deals were init…
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