On March 15, Inner Mongolia Huafu Stainless Steel Co., Ltd. held a groundbreaking ceremony for its 200,000-ton annual stainless steel cold rolling project in the Naiman Banner Stainless Steel Deep Processing Industrial Park.
The project covers an area of 70 mu (approximately 11.6 acres). With a first-phase investment of 120 million yuan, the company will install 2 cold rolling mill sets and 6 cold rolling and annealing lines. Once fully completed and operational, the project will achieve an annual production capacity of 200,000 tons of stainless steel cold-rolled strips, generating an annual output value of 1 billion yuan, tax revenue of 20 million yuan, and providing employment for 50 people. It is expected to reach a production capacity of 100,000 tons of stainless steel cold-rolled strips by July this year.