Chinese Rizhao Steel aims to become part of top 10 steelmakers in China in 2022
18 Nov 2019 16:23 reported by Hayley
According to the news, Rizhao Steel Holding Group, one of the steel giants in China, planned to cooperate with Shandong Guangfu Group and Shandong Chuanyang Group, two of the steelmakers in China, to increase their total steel production.
After the cooperation, it would bring Rizhao Steel Holding Group for an extra 5 million tons capacity of ironmaking and 6 million tons on steelmaking.
The plan was planned to be started in 2020 and completed in 2022. At that moment, Rizhao Steel Holding Group would become a member of the top 20 steelmakers in the world, and also the top 10 in China.
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