China Steel Orders Ladle Furnace
CSC is planning to invest $486 million to open a new production line for motor-use electrical sheet steel in Kaohsiung. Taiwan's largest steelmaker initiated the investment project in anticipation of a surge in demand for electric-powered vehicles and wind power. The planned line will produce 150,000-200,000 tons of electrical sheet steel per year. Construction of the new factory, which is expected to create more than 1,000 jobs, is scheduled to be completed in 2013.