Xiyang Group plans to start the construction of its stainless steel project in the Changxi recycling economy demonstration area in the 2nd half 2009. With the total investment of CNY 7 billion, the project is expected to produce 1.42 million tonnes of quality carbon steel & low alloy HR strip and 0.5 million tonnes of stainless steel HR strip per year after put into production. The project is to complete the first phase preparations during the 1st half of 2009. It will break earth during the 2nd half of 2009 and finish the constructions one and a half years later.
