Chongqing Steel Benefits from Power Infrastructure Project

Chongqing Steel and some other cutting-edge local firms are likely to benefit from State Grid's 2.6 billion yuan investment program intended to build a large production base of ultra high voltage electric power iron tower in the western region of China.

The project, which is due to be completed by September 2012 and capable of producing 100,000 tons of tube tower and pole and 40,000 tons of angle steel tower per year, will require more than 200,000 tons of steel products valued at hundreds of millions yuan each year.