It is reported that the project site is the Chongqing the Changshou Economic and Technological Development Zone, Jiangnan Town, main construction contents sintered pellets, iron, steel, rolled steel, and the relevant public auxiliary supporting facilities, will form the 5.8 million tons of annual output of iron, steel600 million tons, 5.75 million tons of steel production scale.
 
Previously, the approval of the State Environmental Protection Ministry, the Ministry of Land and Resources and the Ministry of Railways has been made, but the investment of the National Development and Reform Commission on environmental relocation of Chongqing Iron & Steel has always been not been passed, which became the Chongqing Iron & Steel, a "heart disease". Some media exposure, the relocation project in the end of August 2009, had invested more than 100 billion yuan, and by the relevant audit department repeatedly warned. The market thus questioned, the project is not approved the first building suspected of serious violations of laws and regulations.
 
Despite the 21-day book announcement finally eliminate the earlier part of the questioning, but that does not mean that the Chongqing Iron & Steel can sit back and relax, its restructuring plan will face a shareholders' meeting, Chongqing State-owned Assets Supervision and Administration Commission and the Securities and Futures Commission, multi-channel crossing.



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