China opens procurement base for metal products

China’s first procurement base for metal products to the overseas markets opened its businesses in Baoxin Hengyuan Logistics Park in September.

The Baoxin Hengyuan Logistics Park is a large-scale steel products logistics industry park jointly developed by Bayi Steel and the Twelfth Division of Agricultural Reclamation. Up to now, the total investment of nearly EUR 129M had been invested to the logistics park. It is expected that the handling capacities of the whole park would have reached up to 4,000,000 tons of steel products in 2014, with the sales revenue exceeding EUR 2.58B.

Bayi Steel remarked that they would like to promote the development of the logistics park further, and build it into one of the most marketing influential logistics centre, trade centre, wholesale centre and purchasing centre of the metal products within Xinjiang Uighur Autonomous Region and even within the Central Asia.

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