The progress plan of Jinbo Yu island port industrial park in Putuo District implemented by Zhejiang Tsingshan digital science and Technology Co., Ltd. under Tsingshan holding company has been disclosed recently.

Last week, a Tata Steel spokesperson had said the company was supplying 300 tonne of LMO daily to various states.

The sale of construction steel hit 855,000 tonnes, a year-on-year surge of 17 percent. Exports of the item topped 147,000 tonnes, up 10 percent.

Hung Nghiep Formosa Ha Tinh took the second spot with output of 1.62 million tonnes, 20 percent lower than Hoa Phat.

Nearly 7,000 tonnes of pipes were shipped to the US, Australia, and Canada during the period, a year-on-year rise of 31 percent.

India's primary steelmakers have increased their share of exports in Q4 amid rising international steel prices.

“We are also trying to convert the old cryogenic tankers used for transporting nitrogen into tankers for transporting oxygen,” Oommen added.

The project is expected to be built in three years and become operational in 2024.