Boasted of advanced technology, Shougang’s Caofeidian project is scheduled to be launched in June end free from the restriction of a “production limits order” demanded recently by the Ministry of Industry and Information Technology, said Zhu Jimin, chairman of Shougang Group. The project will mainly produce high-grade hot and cold rolled steel for oil pipeline, shipbuilding, automobiles and home appliances uses, which, however, have witnessed the sharpest decline in both prices and exports.