The Hegang Laoting Iron and Steel Project is a key project for the adjustment of the steel industry structure in Hebei.
The total investment in the first phase of the project is 42 billion yuan, and the production scale is 7.32 million tons of iron,
7.47 million tons of steel, and 7.1 million tons of steel products. Since the project started in March 2018,
through the joint efforts of the builders, the entire project was completed in just over two years.
Since the factory is close to Jingtang Port, the fully enclosed nonleakage belt conveyor transport corridor
can be used to connect the raw materials into the mill and the terminal, and the sales of finished products
can be directly shipped out to sea, which can greatly save logistics and transportation costs.