Shougang Group decided to set up steel logistics base in the Foshan city. The project total investment is about 5 billion, the first phase of the project will start in September.The project includes a business center, three deep-processing production lines whose annual output reaching 150,000 tons. It is reported that the warehousing will reach two million tons per year. Within 2 or 3 years, the annual output value will reach seven billion yuan.
Originally Posted: China Business Daily
Author: Angulo Fu
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