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Hengyang Valin Steel Pipe, a subsidiary of Hunan Valin Iron & Steel Co., announced an investment of RMB 2.5 billion (about $350 million) for a new hot rolling production line to manufacture large-diameter seamless steel pipes. The project is expected to be completed within 18 months.
“The estimated investment of RMB 2.5 billion (about $350 million) is proposed for expanding its manufacturing scale and further sharpening its competitive edge in the seamless steel pipe business.”midweststeelsupply.org
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