On February 19, sources from the Wusteel Economic Development Zone, Henan revealed that recently a number of projects went into construction in the zone, including the 1Mtpy steel scrap processing project with RMB3.2 billion (USD0.46 billion) investment, the stage two vanadium nitride project with RMB500 million (USD72.52 million) investment, and Wusteel green technology reform and forging upgrading project with RMB450 million (USD65.27 million) investment.
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