Xiamen Xiangyu stainless steel smelting project in Indonesia has been put into production by "double plants".

Published: Aug 17, 2020 13:21
Source: Xiamen Xiangyu

SMM News: recently, Chen Fang, deputy secretary of the party committee and president of Xiamen Xiangyu Group, described in detail the relevant situation of the Xiangyu Group's stainless steel smelting integration project in Indonesia. The construction of the project was relatively smooth. Double production of steel mills and nickel iron plants was realized in the first half of the year, and the project was fully put into production next year.

It is reported that the stainless steel smelting integration project built by Xiamen state-owned enterprise Xiangyu Group in Indonesia / Sulawesi Province is a large-scale comprehensive industrial park with an annual output of 2.5 million tons of stainless steel smelter, power plant, multi-function wharf and other facilities. China is the largest consumer of stainless steel in the world, while Indonesia is rich in stainless steel production raw material laterite nickel ore.

In order to graft and integrate the resources of the two places and develop together, the stainless steel smelting integration project of Xiangyu Group in Indonesia was officially started in 2017. After more than three years of construction, the industrial park has been partially put into production.

Click to understand and sign up for the 2020 China Automotive New Materials Application Summit Forum.

Please fill in your personal information on the last page and the meeting staff will contact you later!

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
[SMM Stainless Steel Flash] LME Nickel and China Stainless Steel Futures Strengthen, but Market Impact Remains Limited
50 mins ago
[SMM Stainless Steel Flash] LME Nickel and China Stainless Steel Futures Strengthen, but Market Impact Remains Limited
Read More
[SMM Stainless Steel Flash] LME Nickel and China Stainless Steel Futures Strengthen, but Market Impact Remains Limited
[SMM Stainless Steel Flash] LME Nickel and China Stainless Steel Futures Strengthen, but Market Impact Remains Limited
LME nickel prices and China's stainless steel futures strengthened this week, but the positive impact on trading volumes and market prices remained limited, with sluggish sales across Asia, Europe, and the US. In Chinese Taiwan, downstream buyers struggled to absorb June price increases from upstream mills, adopting a wait-and-see stance with most transactions concluded at May price levels, pressuring local distributors. India, by contrast, held steady, supported by demand from the automotive, industrial equipment, and infrastructure sectors. With BIS import restrictions eased through October, downstream manufacturers have grown more accepting of rising raw material costs, and end users are gradually absorbing the increased pricing pressure.
50 mins ago
[SMM Stainless Steel Flash] LME Nickel Prices Steady Above USD19,200
1 hour ago
[SMM Stainless Steel Flash] LME Nickel Prices Steady Above USD19,200
Read More
[SMM Stainless Steel Flash] LME Nickel Prices Steady Above USD19,200
[SMM Stainless Steel Flash] LME Nickel Prices Steady Above USD19,200
LME nickel futures edged down just USD3 on June 2 to close at USD19,248/ton, firmly defending the USD19,200 threshold despite a minor pullback from a recent one-month high. Nickel is up USD186 this month and 15.6% year-to-date. LME inventories fell 1104 tons to 275,340 tons (-0.15% MTD), with Indonesian MHP output declines adding to supply tightness. While firm US labor data rekindled Fed inflation concerns, steady Chinese stainless steel demand and declining stockpiles offset seasonal supply increases from the Philippines, keeping nickel positioned for narrow-range stability.
1 hour ago
[SMM Stainless Steel Flash] Aperam Raises Stainless Steel Flat Products Surcharges for June 2026
1 hour ago
[SMM Stainless Steel Flash] Aperam Raises Stainless Steel Flat Products Surcharges for June 2026
Read More
[SMM Stainless Steel Flash] Aperam Raises Stainless Steel Flat Products Surcharges for June 2026
[SMM Stainless Steel Flash] Aperam Raises Stainless Steel Flat Products Surcharges for June 2026
Luxembourg-based stainless steel producer Aperam has raised alloy surcharges for its European austenitic stainless steel flat products for June, effective June 1, 2026. The surcharge for 304 rose to EUR 2365/ton from EUR 2243/ton in May; 316L increased to EUR 4056/ton from EUR 3813/ton; and 309S moved up to EUR 3192/ton from EUR 3020/ton. Ferritic grade 409 bucked the trend with a slight decrease to EUR 917/ton from EUR 921/ton.
1 hour ago