Date: Jan 4, 2019
In order to lower production cost and improve market competitiveness, Long Steel Company under Shaan Steel added niobium and vanadium in vanadium nitride and ferroniobium in Q4 of 2018 and used the microalloys in producing Φ12-Φ28mm steel. The cost will be RMB10-18/t lower and the annual economic benefit is expected to reach over RMB100 million.
