Yongjin Technology Group

Chinese steel giant Yongjin Technology Group announced plans to build a new stainless steel plant in Yalova, Türkiye, with a USD 257 million investment. The facility will have an annual production capacity of 400,000 tons of cold-rolled steel sheets and strips, and construction is expected to take approximately 24 months.

Yongjin Technology Group plans to invest $125 million through its Vietnamese subsidiary to build a 260,000-ton-per-year precision stainless steel strip processing project in Vietnam, with two production lines.