The new production line utilizes Thermo Mechanical Control Process ("TMCP") technology, which enables ultra fine-grain and uniform rebar production that results in steel products with greater strength and durability. Steel that is manufactured using TMCP production is typically less susceptible to cold cracking, is better able to withstand extra high-heat input welding, and meets industry standards for seismic-grade rebar."The market for seismic rebar has exploded in recent years following the 2008 Wenchuan Earthquake in the eastern Sichuan province of China. This disaster revealed that enforcement of seismic building codes in rural areas of China was lax. Seismic activities in China are typically high frequency, high magnitude, wide distribution and shallow hypocenter, which make China one of the world's most earthquake-hit countries, and the seismic activities in China are chiefly concentrated in the west region, the primary end market for Longmen JV's rebar and other steel products," Mr. Yu added, "Extensive construction activities in the west region following the recent earthquake in China have increased the use of seismic-grade rebar, which we expect to drive significant demand for our seismic-grade rebar in next few years."
General Steel Begins Construction On Advanced Rebar Production Line At Longmen Joint Venture
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.