China First Heavy Industries Achieves Breakthrough with Successful Trial of 3500mm Copper Rolling Mill

Published: Mar 24, 2026 14:05
China First Heavy Industries has successfully completed the trial rolling of the domestically designed and manufactured 3500mm copper and copper alloy wide and thick plate cold and hot rolling mill, the first of its kind in China, for Chinalco Luoyang Copper Processing Co., Ltd., achieving the goal one month ahead of schedule. This marks a major breakthrough for China in the field of high-end copper and copper alloy wide and thick plate rolling equipment.

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
Data: SHFE, DCE market movement (Mar 24)
26 mins ago
Data: SHFE, DCE market movement (Mar 24)
Read More
Data: SHFE, DCE market movement (Mar 24)
Data: SHFE, DCE market movement (Mar 24)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 24 Mar , 2026
26 mins ago
SMM Zhejiang Tax-Inclusive Copper Scrap Reference Price (March 24, 2026)
4 hours ago
SMM Zhejiang Tax-Inclusive Copper Scrap Reference Price (March 24, 2026)
Read More
SMM Zhejiang Tax-Inclusive Copper Scrap Reference Price (March 24, 2026)
SMM Zhejiang Tax-Inclusive Copper Scrap Reference Price (March 24, 2026)
Today, the average price of tax-inclusive Bare Bright Wire in Zhejiang was quoted at 93,700 yuan/mt, marking a daily increase of 700 yuan/mt. The deduction (relative to SMM ChangJiang copper prices) remained stable within the range of 300-400 yuan/mt. Due to recent high-level price pullbacks and sharp market volatility, a strong "wait-and-see" sentiment has emerged, leading to sluggish spot trading performance. Industry experts believe the market is currently in a stalemate. However, trading volumes are expected to bottom out and rebound once prices stabilize or regain their upward momentum.
4 hours ago
Supplier Sell-Offs and Downstream Counteroffers, Shanghai Spot Copper Discounts Came Under Pressure [SMM Shanghai Spot Copper]
4 hours ago
Supplier Sell-Offs and Downstream Counteroffers, Shanghai Spot Copper Discounts Came Under Pressure [SMM Shanghai Spot Copper]
Read More
Supplier Sell-Offs and Downstream Counteroffers, Shanghai Spot Copper Discounts Came Under Pressure [SMM Shanghai Spot Copper]
Supplier Sell-Offs and Downstream Counteroffers, Shanghai Spot Copper Discounts Came Under Pressure [SMM Shanghai Spot Copper]
[SMM Shanghai Spot Copper] Copper prices rose from yesterday, but both buying and selling sentiment pulled back intraday, indicating that downstream acceptance of current price levels remained limited. In terms of market structure, under the current price spread between futures contracts structure, suppliers showed strong willingness to sell, with some offloading cargo, driving overall spot discounts down rapidly, while downstream willingness to make counteroffers was relatively evident. Entering the second trading session, after premiums were cut further, market transactions improved somewhat, but downstream procurement remained generally cautious, mainly focused on restocking on dips, with insufficient willingness to chase higher prices. Overall, amid the tug-of-war between suppliers actively selling and downstream buyers purchasing cautiously, Shanghai spot copper discounts were expected to remain under pressure tomorrow.
4 hours ago