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Baoshan Iron & Steel Co. (Baosteel) and Inner Mongolia Baotou Steel Union Co. have established a joint venture company. Baosteel is a subsidiary of China Baowu Steel Group.
Baoshan Iron and Steel Co Ltd (Baosteel) will begin test production at an aluminium alloy casting and deep processing plant in Henan province in mid-2020. The first phase has a capacity of 300,000 tonnes per year and involves an investment of 6.14 billion yuan ($889.35 million).
| Site | Largest | Latest |
|---|---|---|
| Sanmenxia City, China | $889.4M | 2019-06-19 |