SMM10 22: according to the latest news from Hongwang Group, on the morning of October 26, Hongwang Group will solemnly hold the formal commissioning ceremony and new project construction ceremony of Yangjiang Hongwang Phase I project. At present, Yangjiang Hongwang Phase I cold rolling production line with an annual output of 700000 tons of high-quality stainless steel has been successfully trial-produced, the equipment is stable, the quality has been continuously improved and the speed has been continuously improved, which has laid a good foundation for reaching production in an all-round way. It is reported that its production technology and management of information, intelligence, central centralized control is also in an orderly manner.
Yangjiang Hongwang Industrial Co., Ltd. is located in the Port Industrial Park of Yangjiang High-tech Zone, Guangdong Province. It is an important strategic layout project of Hongwang Group in South China. It was settled in Yangjiang High-tech Zone in July 2018 and started construction in November. The first phase is the annual output of 700000 tons of high-quality stainless steel cold rolled plate processing project. According to reports, the project adopts advanced multi-roll mill and intelligent electronic control technology to build a 1450 four-continuous rolling and retreating production unit to produce 200,300,400 series of 200,300,400 series of high quality stainless steel cold rolled strip from thick 0.5mm to 3.0mm and wide 1240mm. The products cover NO.1, 2B, 2D, 2E, and reach an annual output value of about 10 billion yuan after production.
According to the information disclosed before, Yangjiang Hongwang Phase II project plans to adopt advanced black leather direct rolling technology to build a direct rolling annealing pickling production line, which is composed of two-stand 18-high cold rolling unit and annealing pickling line to produce 500000 tons / year of high quality stainless steel cold rolled sheet from 1.15mm to 3.0mm thick and wide 1240mm. The main production is 200,300,400 series precision stainless steel strip, the product covers No.1, 2e; The third phase of the project plans to adopt reversible rolling mills, build two 20-high reversible cold rolling mills, and produce 300000 tons of high-quality stainless steel cold rolled plates from 0.25mm to 1250mm, mainly producing 200,300,400 series precision stainless steel plates and strips, covering 2B and 2D; the fourth phase of the construction of deep processing workshop with an annual output of 300000 tons of stainless steel products, the main products are stainless steel abrasive plate, stainless steel mirror polishing plate and so on.
According to SMM, at the end of October, Hongwang put into production in Yangjiang, the first phase of high-yield stainless steel cold rolling production line is expected to increase the supply of steel downstream, combined with the current upstream and downstream of the Sipho industry chain, the price of raw materials has not risen, but has a weak downward trend, so the decline of the overall raw material price has also led to the decline of stainless steel prices in the market. In addition, according to Foshan operators, the current stainless steel downstream demand enthusiasm is not high, the overall demand release is less, and inventory remains high, so the market is expected to continue the decline in steel prices in the later period.
In a comprehensive analysis, SMM believes that the performance of terminal demand has always been the core driving force of market trading, but the recent decline in nickel prices has limited the support of raw material prices, while the willingness of steel mills to offer prices has been loosened. Therefore, steel prices fell by different ranges in mid-October. Although most operators think that the overall performance of the stainless steel transaction market in the third quarter is average, the current support of raw material prices is weak and demand is low. Stainless steel transactions in the fourth quarter are still worried, weak or will continue.
"Click to sign up for a thousand people event in China's non-ferrous metals industry.
Share the China Nonferrous Metals Industry Annual meeting registration link to the circle of friends or WeChat group of more than 100 people, and send screenshots to the WeChat account below to get the right to view "SMM Metal Breakfast" for one year (the original price is 300 yuan / year).
Scan QR code plus WeChat
![[SMM Analysis] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.](https://imgqn.smm.cn/usercenter/CWsEw20251217171732.jpeg)