Qingdao's first facility offering logistics, exhibition and trade services to steel products is up and running, Xinhua reported.
    The facility, located in the city's Sifang District, covers an area of 0.8 hectares with 5,000 square metres of floor space. It is expected to generate a trade value of CNY2 billion (US$300.5 million) a year.
    The operator and administrator of the facility has a registered capital of CNY30 million. An investing company has a registered capital of CNY100 million and will offer financing services for steel sellers. The facility hopes to attract 50 steel dealers with registered capital of more than CNY5 million.

Source: Shipping Gazette