[Valin Steel: The subsidiary plans to invest 3.147 billion yuan in the construction of the third phase of the automobile sheet project] On November 9th, Valin Steel (000932.SZ) announced that the company’s subsidiary automobile sheet company plans to implement the third phase of the construction project. For this project, the total investment is estimated to be 3.147 billion yuan (tax included). A JVD vacuum coating production line with an annual production capacity of 850,000 tons and a continuous annealing line with an annual production capacity of 1 million tons will be built, focusing on high-end cold-formed automotive steel products. The project will introduce ArcelorMittal's globally unique high-efficiency vacuum coating technology to fill the technical gap in domestic high-end automotive sheet-related fields. After the project is put into operation, the annual galvanizing production capacity of the Automotive Sheet Company will be increased from 2 million tons to 3 million tons.