SMM News: Guangdong Runxin to Boost Ningde's Stainless Steel Cluster with 600,000 mt 400-Series Cold-Rolled Project

Published: May 30, 2025 17:30

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[SMM News] SMM reported on May 30 that Guangdong Runxin Industrial Investment Co., Ltd. is constructing a project in the Wanwu Peninsula of Fu'an with an annual production capacity of 600,000 mt of 400-series cold-rolled stainless steel. As a key project to "fill the gaps" in Fujian's stainless steel industry chain, it took only four months from project alignment to framework design. Upon completion, it will enhance the cold-rolling segment of Ningde's stainless steel industrial cluster, which is valued at over 100 billion yuan.

The Wanwu Peninsula is the core area of Ningde's stainless steel new material industry, having gathered over 80 enterprises including Tsingtuo Group, forming a complete industry chain from "smelting to hot-rolling." However, the cold-rolling capacity remains insufficient. Due to the excellent corrosion resistance and lower cost of 400-series stainless steel, demand in sectors such as automotive and home appliances is growing by approximately 15% annually. By 2024, Tsingtuo Group's monthly production of 400-series stainless steel had surpassed that of 200-series, demonstrating significant market potential. Leveraging Fujian Province's policy target of "260 billion yuan in output value" and Ningde City's "Four Ones" specialized service team, the project achieved efficient implementation. The newly added 600,000 mt of capacity will be prioritized for local deep-processing enterprises, forming a closed-loop production model from "hot-rolling to cold-roll

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