On July 31, the commissioning ceremony of Jingye Group Hebei Fushan's 2.3-million-ton steel scrap processing and recycling project was held in Hebei Fushan Mengerzhuang Industrial Park. Jingye Group invested in the construction of steel scrap processing and recycling project. The first phase of 2 million tons was put into production on July 20, and the second phase of 2.3 million tons also went into production as scheduled.

With a total investment of RMB1.23 billion (USD182 million), Hebei Fushan's steel scrap processing and recycling project with an annual output of 5 million tons can achieve the operating income of RMB20.275 billion (USD2.995 billion) and tax payment of RMB440 million (USD64.988 million) per year.