Taichang Stainless Steel Co. Ltd has started construction on its 0.3 million tonne per year special stainless steel project in the Jiangsu Dafeng Port Economic Zone. The project, invested by China Yatai Steel Group and Shanghai Jinchang Stainless Steel Pipe Manufacturing Co. Ltd, with the total investment of CNY 1.6 billion which may form the annual output value of CNY 6 billion and CNY 0.6 billion of profit tax after it completes.