Chengdu Xilian Iron and Steel Logistic Group Co Ltd is spending 680 million yuan on building a steel logistic port at Kunming Economic Development Zone, Yunnan Province, which is due to be completed early next year. As one of the large steel distribution markets in the province, the project, known as New Tiegongji Iron and Steel Logistic Port, will be capable of accommodating 600 operation units and handling three million tons of steel per year.