Posted on 26 Dec 2011
Taiwan's China Steel Corp. (CSC) announced that the company will invest NT$16 billion to issue new stocks to the market for Dragon Steel's new blast furnace (BF) construction project.
Dragon Steel is the subsidiary company of CSC and its new BF has been expected to start its official operation around the end of 2012.
The designed capacity of this new BF is 2.5 million tons. This is also CSC's sixth BF.
CSC said this should be the last investment for this project before the official operation to start.
