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Tengda 84ktpa stainless steel new material project starts construction

On May 24, Tengda 84ktpa stainless steel new material project started construction. It is reported that Tenglong Stainless Steel Products Group invested RMB200 million (USD28.25 million) to establish Shandong Tengda Special Steel Wire Technology Co., Ltd. in order to develop high-end stainless steel materials. The company is mainly committed to the research and development, production, and sales of special alloy wire new materials. The 84ktpa pecial alloy wire new material production project, with a total investment of RMB5 billion (USD706 million) and a landing area of 220 mu, is planned to be put into operation in 2024.