Guangxi Beibu Gulf to add 1 million mt/year stainless steel bar and rod capacity in 2020_SMM

Compliance Centre Products About Us Contact Us

English

English 中文

News

Non-ferrous

Base metals

Minor metals

Precious metals

Scrap metals

Rare earth

Steel

Coke Iron Ore Pig Iron Finished Steel Stainless Steel

New Energy

Cobalt Lithium Ternary Precursor and Material Chemical compound

Price News Publication Database Events Consulting

Publication Database Events Consulting SMM APP Compliance Centre About Us SMM Credit Service Contact Us What We Do?

Home / Metal News / Nickel / Guangxi Beibu Gulf to add 1 million mt/year stainless steel bar and rod capacity in 2020

Guangxi Beibu Gulf to add 1 million mt/year stainless steel bar and rod capacity in 2020

Dec 10,2019 17:05

CST

company news

Source:SMM

The company was formerly known as Beihai Chengde Ferronickel Stainless Steel

SHANGHAI, Dec 10 (SMM) – Guangxi Beibu Gulf New Materials, formerly known as Beihai Chengde Ferronickel Stainless Steel, plans to build 1 million mt/year stainless steel bar and rod production lines in 2020, according to sources.

Meanwhile, it was understood that stainless steel cold-rolled coil capacity of the company will expand to an annualised 1.5 million mt upon the operation of its Xinyida project in Shandong province.

Market commentary

Stainless steel

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

The global widespread of COVID-19 has forced many countries to enforce stringent containment measures which result in a heavy impact on global economic activity. Over the past few months, we saw serious disruption of manpower, transportation and production in China. We are now seeing these scenarios happening around the world.

Apr 9, 2020 14:44 timezone

CST

smm insight

COVID-19 global disruption: Production update on overseas mining companies

China stainless steel output dropped 13% YoY in March

China’s production of stainless steel in March dropped 13.2% from a year ago, showed SMM data, amid the coronavirus pandemic.

Apr 9, 2020 11:52 timezone

CST

data analysis

China stainless steel output dropped 13% YoY in March

Prebaked anode prices poised for further decline after April

Prices of prebaked anode in China, an essential material used in aluminium smelting, will face further downside risks after April as a negative impact on demand from the COVID-19 outbreak continues to weigh on prebaked anode profits.

Apr 3, 2020 14:38 timezone

CST

price review & forecast

Prebaked anode prices poised for further decline after April

Suspension of nickel mining in Philippines to impact China nickel ore imports in April

China’s nickel ore imports from the Philippines, one of the major sources of ore supply, could be badly hit in April as the Philippines has suspended all mining operations in its nickel mining hub...

Mar 31, 2020 17:35 timezone

CST

smm insight

Suspension of nickel mining in Philippines to impact China nickel ore imports in April

Rare earth oxides prices fell on virus-led demand concerns

Prices of light and medium-to-heavy rare earth products mostly declined last week as the widespread COVID-19 overseas weakened investors’ prospects for demand and kept domestic consumers from...

Mar 31, 2020 13:41 timezone

CST

price review & forecast

Rare earth oxides prices fell on virus-led demand concerns

Cobalt, lithium prices weakened as COVID-19 outbreak overseas hurt consumer battery export from China

China’s exports of consumer batteries showed signs of softening amid reduced overseas demand and COVID-19 lockdowns as the outbreak escalated in the European countries, the US, India and South Africa

Mar 31, 2020 11:23 timezone

CST

price review & forecast

Cobalt, lithium prices weakened as COVID-19 outbreak overseas hurt consumer battery export from China

Eighteen Chinese provinces target to build over 413,000 5G base stations in 2020

Eighteen provinces in China including Shandong and Anhui have rolled out plans to construct a total of more than 413,000 5G base stations this year, as China speeds up the investment in new infrastructure to bolster consumption amid the impact of coronavirus outbreak.

Mar 30, 2020 13:45 timezone

CST

industry news

Eighteen Chinese provinces target to build over 413,000 5G base stations in 2020

China's nickel supply to feel little impact from halt of Sumitomo's mine in Madagascar

The temporary suspension of the Ambatovy project may barely impact the near-term supply of nickel briquette supply in China. Nonetheless, it will increase China’s dependence on nickel briquette from other sources of imports such as Australia and South Africa, given current low inventories of such materials in China.

Mar 30, 2020 11:40 timezone

CST

industry news

China's nickel supply to feel little impact from halt of Sumitomo's mine in Madagascar

China's cobalt salt producers likely to face supply disruption amid raw material shortage in Africa

China’s cobalt salt producers could face risks of raw materials shortage in June if the coronavirus outbreak continues to worsen in African countries and disrupt Congo’s ore exports in April, SMM estimates. But in the short term, prices of cobalt products in China may extend their downside trend as the demand outlook remains weak amid the COVID-19 impact.

Mar 26, 2020 12:23 timezone

CST

smm insight

China's cobalt salt producers likely to face supply disruption amid raw material shortage in Africa

China stainless steel imports dropped 38.6% YoY in January-February

China’s imports and exports of stainless steel declined sharply in the first two months of 2020, due to the outbreak of the COVID-19 pandemic in the country. About 149,060 mt of stainless steel was imported to China in the January-February period, down 38.56% from the same period last year, while exports dropped 11.92% to 442,180 mt.

Mar 26, 2020 10:26 timezone

CST

data analysis

Related news