SMM News: a few days ago, the Shandong Provincial Development and Reform Commission and the Shandong Provincial New and Old Kinetic Energy Office identified the second batch of selected projects for the conversion of new and old kinetic energy, among which Shandong Xinhai Industrial Co., Ltd. has an annual output of 3.8 million tons of high-grade stainless steel projects. This from the side once again corroborated the rumors about Xinhai stainless steel production project.
Public information shows that Xinhai Group is located in Junan County, Linyi City, Shandong Province, its main business includes electric power, nickel iron, stainless steel, trade, logistics, warehousing and so on. The main business plates are electric power plate (Junan Liyuan thermoelectric co., Ltd.), nickel iron plate (Linyi Xinhai new material co., Ltd.) and stainless steel plate (Shandong Xinhai industrial co., Ltd.)
According to Xinhai, the group has the global leading nickel-electric co-production advantage and integrated whole-process stainless steel production unit. It is the first high-tech enterprise in China to smelt nickel-iron by using ore heating furnace, and to realize large-scale equipment, large-scale production capacity, complete matching of nickel-electric industry and comprehensive utilization of resources. It is also the largest nickel-ferroalloy production enterprise and the most competitive stainless steel production enterprise in China.
Xinhai Industry is the stainless steel production plate of the group, which is located in Junan Port Industrial Park of Linyi City. Xinhai Industry plans to produce 3.8 million tons of stainless steel billet, 3.8 million tons of hot rolled black coil, 3 million tons of hot annealed pickle plate and 1 million tons of 2B coil plate step by step.
News shows that the restructuring of Taiyuan Iron and Steel and Xinhai cooperation is still in progress, before Taiyuan Iron and Steel stainless steel has issued a number of progress announcements on the restructuring. The industry is still quite concerned about this matter since last year. As to when the two sides can reach an agreement, it remains to be seen and Taiyuan Iron and Steel announced.