Total Investment of 5.31 Billion Yuan! Progress on Inner Mongolia‘s Annual Production of 2.2 Million Tons of Stainless Steel Coils
The total investment for the Inner Mongolia Jing’an stainless steel rolling and pickling project is 5.31 billion yuan, with an annual production capacity of 2.2 million tons of stainless steel coils. The project includes the construction of one 2-machine 2-strand slab caster and two 3-machine 3-strand slab casters (1 operational, 1 backup), one 1450mm and one 1050mm stainless steel rolling production line, supporting facilities, three 1050mm hot-rolled stainless steel annealing and pickling lines, two 1450mm hot-rolled stainless steel annealing and pickling lines, and one 1050mm cold-rolled stainless steel strip production line with supporting facilities. As of now, one 1050mm rolling production line is ready for production, equipped with two pickling lines. The 1450mm rolling production line is under construction and is expected to be ready for production by August 2025.
Major Development! A New 6 Million Tons Steel Plant Under Baowu Group Will Soon Be Established!
Baosteel Desheng, one of the largest stainless steel enterprises in China, produced 4.6 million tons of steel in 2023. Currently, Luoyuan County is vigorously advancing the second phase of technical upgrades and capacity expansion of the enterprise, aiming to form a steelmaking capacity of 6.28 million tons and achieve an annual stainless steel production capacity of 10-15% of the national total by 2026. Luoyuan County, known as the “Northern Gateway” of Fuzhou, has an industrial development strategy called “Double Dragons Embrace the Pearl”. Thirty years ago, the “Double Dragons” referred to edible mushrooms and flue-cured tobacco. With the deep advancement of new industrialization, Luoyuan County is adapting to the changing times, redefining the “Double Dragons Embrace the Pearl” strategy to create a new era of “green metallurgy + new energy” industry pattern.
Zhejiang Songyang’s Annual Production of 30,000 Tons of High-End Stainless Steel Heat Exchanger Tubes Enters Trial Production
The stainless steel pipe industry is the main growth point and the largest pillar industry of Songyang’s industrial economy. Currently, a batch of high-quality projects is being vigorously promoted in the Songyang-Yuyao Mountain-Sea Cooperation Industrial Park. Among them, the annual production of 30,000 tons of high-end stainless steel heat exchanger tubes project, invested and constructed by Zhejiang Julong Special Materials Group Co., Ltd., has entered the trial production stage. Manager Xiang Guangcan stated, “The workshop has been fully completed, and the comprehensive office building is expected to be completed by the end of the year. Additionally, half of the equipment has been put into use, with the other half planned to be operational within six months, aiming to achieve the target of producing 30,000 tons of high-end stainless steel heat exchanger tubes annually.”
Hebei Tangsteel to Build Stainless Steel Cold Rolling Plate Project
- Project Name:Hebei Tangsteel Stainless Steel Cold Rolling Plate Project at the 2024 Langfang Economic Fair
- Location:Tangshan
- Industry:Steel Industry
- Project Content and Scale:The project covers a total area of 17,148.57 square meters (approximately 25.71 acres), with 62 sets of equipment to be purchased and a stainless steel cold rolling plate production line to be constructed.
- Investment Estimate and Funding Sources:The total investment is 63 million yuan, fully funded by the enterprise.
- Construction Conditions and Market Analysis:Cold-rolled stainless steel sheets and strips are widely used in various sectors of the national economy due to their high strength, corrosion resistance, good processability, wear resistance, and elegant appearance. Benefiting from the continuous progress of downstream industries such as electronic information, environmental protection energy, and automotive parts, domestic demand for precision cold-rolled stainless steel sheets and strips is continuously rising. The application potential in high-tech shipbuilding, marine engineering equipment, nuclear power, advanced rail transportation, power, aerospace, machinery, and other fields is huge.
Handan Special Pipes Successfully Develops Martensitic Stainless Steel Pipes for Petroleum
Handan Special Pipes has made a breakthrough in the development and production of 85KSI martensitic stainless steel pipes for petroleum. Compared with different compositions of 13Cr, the heat treatment process of this product is complex and the production difficulty is high. To successfully overcome these challenges, the company’s R&D center consulted literature, optimized compositions, conducted a series of extrusion and heat treatment experiments on steel pipes, and summarized the technical indicators and production parameters that 85KSI-13Cr can achieve. They successfully developed more than ten specifications of 85KSI-13Cr products. Tests showed that while meeting strength requirements, the impact energy was increased by more than 50% compared to conventional 13Cr, with stable product quality and performance.
Ministry of Commerce Initiates Final Review of Anti-Dumping Measures on Stainless Steel Billets and Hot-Rolled Products from the EU, UK, South Korea, and Indonesia
Based on the recommendations of the Ministry of Commerce, the Tariff Commission of the State Council has decided to continue levying anti-dumping duties on stainless steel billets and hot-rolled stainless steel plates/coils originating from the EU, UK, South Korea, and Indonesia, according to the product scope and tax rates announced in the Ministry of Commerce’s Announcement No. 31 of 2019, during the final review of anti-dumping measures. From July 23, 2024, the anti-dumping measures on imported stainless steel billets and hot-rolled stainless steel plates/coils originating from Japan will be terminated.
The anti-dumping duty rates for companies are as follows:
- All EU companies: 43.0%
- All UK companies: 43.0%
- South Korea’s POSCO: 23.1%, other South Korean companies: 103.1%
- All Indonesian companies: 20.2%
During the period of price commitments from POSCO, no anti-dumping duties will be levied on the investigated products produced by this company if they are exported to China at not less than the committed price. In case of violations or other termination of price commitments, anti-dumping duties will be levied at the company’s anti-dumping duty rate.