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[Ferro-Alloys.com]Chinese Shengxi New Material Technology has started the construction of its new coated steel project in Liu’an, Anhui.

It’s expected that the coated steel project valued USD480 million will bring annual taxes revenues USD9.62 million.

Meanwhile, the new coated steel project will produce 300,000 tons of color-coated steel sheets, 700,000 tons of hot dipped galvanized silicon steel sheets and 700,000 tons of color-coated steel plates.