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Baosteel opens up Nantong wire rod Project

2009. 30 April

( Baosteel Group has released official approval days ago to its Nantong wire rod project and set up a subsidiary to deal with it.

The subsidiary, Baosteel Group Nantong Wire Rod Product Co Ltd, will be built on the basis of Baosteel Group Shanghai Ergang Co Ltd. Ergang is reported as the only one in China, who owns integrated manufacturing technologies in producing galvanized steel wire for large-size bridge cables.

The mill has been named as cable suppler for San Francisco-Oakland Bay Bridge and Bombay Bridge, and its products are wildly used in transport, city planning and infrastructure projects.

Baosteel has promised to Shanghai municipal government that it will shut down Ergang during the period of EXPO 2010 for the sake of protecting environment.

Aiming to improve and continue its wire rods production, the mill decided to launch Nantong wire rod company which was assigned to carry out the new project.

The wire rod company plans to produce 170,000 tonnes of pre-stressed wire & steel strand and 10,000 tons of oil tempered spring wire per annum fulfilling a capacity expansion of 15% over the original scale of Ergang.