[SMM Stainless Steel Flash] Zhenshi's High-End Nickel-Chrome Project Reaches Key Hot Rolling Milestone

Published: Feb 28, 2026 16:10
The Zhenshi Green High-End Nickel-Chrome New Material Intelligent Manufacturing Project in Zhejiang achieved a significant construction milestone on February 27 with the successful installation and docking of structural columns across the critical lines 38 to 54 of rows D and E in the hot rolling area. During the holiday period, more than 60 builders remained on-site to ensure the project stayed on schedule. The completion of this structural phase marks a major step forward for the facility, laying a solid foundation for the hot rolling production line to meet its planned commissioning and production targets in 2026, further strengthening Zhenshi's capacity in high-end stainless steel materials.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Nickel Market Sees Flat Quotes, Low Trading Volume Amid Post-Lantern Festival Demand Uncertainty
Common.Time.minsAgo
Nickel Market Sees Flat Quotes, Low Trading Volume Amid Post-Lantern Festival Demand Uncertainty
Read More
Nickel Market Sees Flat Quotes, Low Trading Volume Amid Post-Lantern Festival Demand Uncertainty
Nickel Market Sees Flat Quotes, Low Trading Volume Amid Post-Lantern Festival Demand Uncertainty
[SMM Nickel Flash] On March 2, from the supply side, most upstream quotes remained flat MoM, with the bottom still supported by costs. From the demand side, as the Lantern Festival has not yet passed, there has been no significant release of procurement demand downstream, and the market only saw a small amount of restocking for essential needs. Overall, trading volume remains low, and the gap between upstream and downstream is gradually narrowing, but the market is still waiting to see the sales situation of finished stainless steel products after the Lantern Festival.
Common.Time.minsAgo
SMM High-Grade NPI Market Sentiment Rises in March, Upstream Stable, Downstream Improves
Common.Time.minsAgo
SMM High-Grade NPI Market Sentiment Rises in March, Upstream Stable, Downstream Improves
Read More
SMM High-Grade NPI Market Sentiment Rises in March, Upstream Stable, Downstream Improves
SMM High-Grade NPI Market Sentiment Rises in March, Upstream Stable, Downstream Improves
[SMM High-Grade NPI] On March 2, the SMM high-grade NPI market sentiment factor was 2.07, up 0.04 MoM, the upstream sentiment factor for high-grade NPI was 2.85, unchanged MoM, and the downstream sentiment factor for high-grade NPI was 1.28, up 0.06 MoM.
Common.Time.minsAgo
[SMM Intermediate Product Daily Review] On March 2, MHP and high-grade nickel matte prices rose
Common.Time.minsAgo
[SMM Intermediate Product Daily Review] On March 2, MHP and high-grade nickel matte prices rose
Read More
[SMM Intermediate Product Daily Review] On March 2, MHP and high-grade nickel matte prices rose
[SMM Intermediate Product Daily Review] On March 2, MHP and high-grade nickel matte prices rose
So far, the FOB price of Indonesian MHP nickel is $15,658/mt Ni, and the FOB price of Indonesian MHP cobalt is $49,660/mt Co. The MHP payables (against SMM battery-grade nickel sulphate index) are 88-89, and the payable indicator for MHP cobalt element (against SMM refined cobalt (Rotterdam warehouse)) is 91. The FOB price of Indonesian high-grade nickel matte is $16,021/mt Ni.
Common.Time.minsAgo