Fujian Desheng Nickel Industry Co. Ltd will soon finish the first phase of its nickel project in Luoyuan, Fujian. In the first phase, the company spent CNY 2.5 billion importing technologies in GOR convertor and nickel alloy lines from Ukraine National Titanium Designing lnstitute which fulfilled the blanket of producing nickel alloy in Fujian. The project is planed to realize an annual production value of over CNY 30 billion by yielding over 2 million tonnes of stainless steel and 2 million tonnes of nickel alloy per year. Near the building place of the nickel project, over USD 100 million invested Yixin Steel project had been put into operation, and already realized production value of CNY 2.24 billion in 2008. It’s still in Luoyuan that Fujian Yuxing Industry Co. Ltd started production in its newly found CNY 1.57 billion quality coated plate processing plant in end 2008, whose sales revenue will amount to CNY 5.1 billion. In addition, Fujian Sanxing Steel eyed the trial production of its 1st high-speed wire rod line recently. The line belongs to the mill’s special steel project in Luoyuan which will create yearly production value of CNY 2 billion.