Baosteel is planning to build a 100,000 t/y high carbon ferrochrome plant in cooperation with India’s Visa Steel this October. Baosteel will take a 70 percent stake in the plant which has a total capital of $54 million. Visa Steel runs a ferrochrome plant in Orissa with an annual capacity of 500,000 tons and the production in the plant is expected to increase to 40,000 tons this fiscal year ending March 2010.