Invest 7 billion yuan! Baofeng County and Xinjin holding Group have reached a 2 million ton stainless steel project.

It is reported that Baofeng County, Pingdingshan City, Henan Province, has previously reached a cooperation framework agreement with Hebei Xinjin holding Group on an integrated project of 2 million tons of stainless steel smelting, hot rolling, cold rolling and pickling with an investment of 7 billion yuan, which has solved the bottleneck restricting the development of the local stainless steel industry.

According to public data, Hebei Xinjin Iron and Steel Co., Ltd., a subsidiary of Xinjin holding Group, was established in 1993. It is a large-scale iron and steel joint enterprise integrating iron and steel smelting and rolling, electric power energy, international trade and logistics. It is a private iron and steel enterprise with a long industrial chain in Handan, and has won honors such as the top 500 Chinese private enterprises and Hebei top 100 private enterprises. Its total steel production capacity is 3.5 million tons, with an annual production capacity of 2 million tons of hot rolled coil production line, two high-speed wire rod production lines and so on.

The main products are: hot-rolled coil, high-speed wire rod, billet. The main products are cold-rolled plate, galvanized sheet, hot-rolled plate, high-speed wire rod. Products are widely used in construction, home appliances, automobile manufacturing and other fields, is said to be Gree, Midea, Haier's "gold supplier". The products are sold to more than 20 provinces and cities in China, and exported to Iran, Jordan, South America, Turkey, some European countries, Africa, the Middle East and some Southeast Asian countries.

Prior to this, Baofeng County, Henan Province, proposed in the 14th five-year Plan for National Economic and Social Development that Baofeng Xianglong stainless Steel Co., Ltd. as the leader, introduce strategic investors, undertake industrial transfer, and speed up the extension, replenishment and strength of the chain. to build a complete industrial chain from scrap recovery, smelting, rolling, deep processing, logistics and distribution to product trading.

We will appropriately develop scrap smelting in the upper reaches of the stainless steel industry and Calendering processing industries in the middle reaches, with emphasis on the intensive and deep processing of stainless steel, actively develop high-tech and high value-added downstream industries such as decorative plates, construction pipes, elevator materials and cabinet products, and actively attract stainless steel enterprises in the whole industrial chain. Build the "three major centers" of stainless steel production and processing, market trading, logistics and distribution, and build a processing base for stainless steel decorative plates, construction pipes, elevator materials and cabinet products throughout the country. Strive to achieve an output value of 60 billion yuan in 2025, build a national stainless steel intensive processing base, and create 100 billion-level industrial clusters.

What is noteworthy is that one of the priorities put forward by Baofeng County is to actively strive for smelting capacity indicators inside and outside the province, to promote cross-regional strategic cooperation among advantageous enterprises inside and outside the province in an orderly manner, and to strengthen resource sharing and technical cooperation among enterprises. make up for the deficiency in stainless steel smelting.

Step up efforts to attract investment, continue to implement the action of "four maps" and "four visits", adhere to the goal orientation and problem orientation, find the meeting point between the target enterprise and the county, and through in-depth negotiations and docking, promote 2 million tons of smelting, cold rolling, pickling and other integrated projects (invest 3 billion yuan to purchase smelting targets and 1.5 billion yuan to build short-flow smelting projects Invest 2 billion yuan to build two 1.3 million-ton fully automatic intelligent five-continuous cold rolling production lines, invest 2 billion yuan to expand 2 million-ton pickling production line) hit the ground as soon as possible.

Under the background of the new iron and steel industry policy, can the integrated project of 2 million tons of stainless steel smelting, hot rolling, cold rolling and pickling really land smoothly? This may take time to prove. At present, there is not much public information about the construction of this project by Xinjin Holdings Group in Baofeng County. In view of the fact that Xinjin has been ploughing the field of carbon steel for many years and already has a certain amount of steel production capacity, it is possible to continue to push forward the project.

Author: gdssmpa

Recommended reading:

"Manganese-the fourth battery metal that can not be ignored [institutional review]

Apocalypse of LME Nickel incident: cold thinking after "shock"

"after reaching a new high, Shanghai Nickel fell by 20%. Spot transaction and transportation were delayed under the epidemic [SMM analysis]

Vale will supply Northvolt with low-carbon nickel products for batteries

"Shanghai Nickel continues to rise sharply and price fluctuations will have these effects on the industry! [SMM research]

"cost support VS production expectations + consumption is not optimistic stainless steel futures concussion where to go? [SMM analysis]

"refined nickel imports rose 90.53% from January to February compared with the same period last year, and nickel bean imports continued to decline [SMM interpretation]

"INSG expects a shortage of nickel in the global market this year. SMM, look at it this way. [SMM analysis]