11-Nov-2010
China’s Anshan Iron & Steel Group Corporation (Ansteel) Mississippi based Steel Development Company have signed a JV operating agreement on 15th Sept’10 along with partners from the United States, Italy, Japan, Germany and Canada. According to it Ansteel and its JV partners plan to build a technologically advanced and environmental friendly steel mill in US that will produce reinforcing bar and other products. Under the JV operation agreement signed, Anshan Iron & Steel Group Corporation (Ansteel) will take 14% stake in the venture based at Amory in Mississippi. Ansteel will also become a member of Steel Development’s Board of Directors and will supply certain components of Steel Development’s technology and equipment package.
China’s Anshan Iron & Steel Group Corporation (Ansteel) Mississippi based Steel Development Company have signed a JV operating agreement on 15th Sept’10 along with partners from the United States, Italy, Japan, Germany and Canada. According to it Ansteel and its JV partners plan to build a technologically advanced and environmental friendly steel mill in US that will produce reinforcing bar and other products. Under the JV operation agreement signed, Anshan Iron & Steel Group Corporation (Ansteel) will take 14% stake in the venture based at Amory in Mississippi. Ansteel will also become a member of Steel Development’s Board of Directors and will supply certain components of Steel Development’s technology and equipment package.
A consortium of technology providers, including Danieli, Tenova Core, Ansteel and Marubeni Corporation, is providing the technology for the Amory mill. Quad Engineering Inc. is the lead engineer for the Amory mill. The technology has been designed to maximize production yields, reduce the operating costs and energy needs while allowing for continuous 24 hours operation in a day. For this the Amory mill is considered to be one of the world leaders in terms of Bar Production Technology.
(Further according a latest report from Anshan Iron and Steel Group Corporation it has shipped first batch of 5,060 tons of Australian Standard 65 KG heavy rails with specified length of 25 meters to Australia and is due to ship the second batch of 4,940 tons in late November. This is Angang Group's first multitudinous export of heavy rails to developed country).
(Source: STI)