Tsingshan Group, through its subsidiary Fujian Qingyuan Industrial Investment Co., Ltd., is investing CNY 3 billion to build a stainless steel deep processing industrial park in Luoyuan County, Fujian Province. 

The project covers approximately 1,127 mu with a total construction area of 310,000 square meters. It will focus on manufacturing high-value stainless steel products, such as pipes for the chemical, pharmaceutical, food, and marine industries. 

Located in Baita Township’s Rural Revitalization Industrial Park, the project has already attracted 11 companies. It aims to upgrade Luoyuan’s steel sector from basic production to high-end processing and support the growth of a green metallurgy industrial cluster.