[Ferro-Alloys.com] Chinese environmental technology firm Envision has started building a 20GWh/yr plant for energy storage and power batteries at its industrial park in Erdos city in north China's Inner Mongolia region.

The 10bn yuan ($1.55bn) construction will be divided in three phases, with 6GWh/yr each to be completed in the first two phases and 8GWh/yr in a third phase. Construction of the first phase started in December 2020. Other details such as the construction schedules for the remaining two phases were undisclosed.

Erdos is China's main coal-producing and consuming region. Envision's new project is designed to promote the use of cleaner energy in the area.

US hot-rolled coil (HRC) prices regained last week's slight losses as mills aimed to take advantage of limited supply to push prices up.

The Argus weekly domestic US HRC index rose by $10/st to $1,250/st ex-works Midwest this week. Lead times were flat at 6-8 weeks.

The knock-on effect from the winter storm that began on 14 February and lasted a week across much of the US has weakened steel supply in the US and Mexico. Much of the steel industry in Mexico was hampered by a lack of natural gas for operations and electricity due to disruptions related to the winter blast.

Click here for more information: Ferrosilicon Daily Express 3.4

• [Editor:kangmingfei]