[SMM Stainless Steel Flash] Fu'an Aims for $246B in Stainless Steel Output by 2026, Advances 600,000-Ton CR Project

Published: Mar 12, 2026 17:52

Save

According to the Fu'an City Development and Reform Bureau, as outlined in its 2026 economic and social development plan released on March 6, the city is set to continuously consolidate its leading advantage in the stainless steel new materials industry. A key focus for the year is accelerating the construction and implementation of major downstream projects, specifically highlighting Runhengxin's 600,000-ton stainless steel cold-rolling project and a new titanium alloy materials manufacturing industrial park. Through these strategic capacity expansions, Fu'an aims to push the total output value of its stainless steel new materials industry to 246 billion RMB in 2026, targeting a year-on-year growth rate of over 5%.

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

8 hours ago

Nickel Futures Decline, Market Pessimism Grows, Transactions Scarce Amid Price Discrepancies

[SMM Nickel Flash] On May 18, futures continued to decline, and market pessimism spread. Upstream suppliers mostly maintained high offer prices, but actual transactions were scarce, with some softening in quoted prices. Downstream steel mills adopted a more cautious purchasing stance, mostly referencing steel scrap price ratios, with mainstream intended bids concentrated at 1120-1130 yuan/nickel unit, showing a clear divergence from upstream offers. Under the short-term downward trend, both upstream and downstream pricing sentiment remained cautious, further suppressing spot transaction activity.

8 hours ago

SMM Nickel Flash: High-Grade NPI Market Sentiment Declines, Futures Weaken and Prices Drop

[SMM Nickel Flash] May 18 — The SMM high-grade NPI market sentiment indicator was 2.74, down 0.08 MoM; the high-grade NPI upstream sentiment indicator was 3.25, down 0.09 MoM; the high-grade NPI downstream sentiment indicator was 2.24, down 0.06 MoM. Today, the high-grade NPI market was dragged down by weakening futures, presenting an overall pattern of firm upstream offers, stagnant transactions, and a declining price center, with the price spread between high and low grades staying high.

8 hours ago

12 hours ago

[SMM Stainless Steel Flash] Japanese Stainless Steel Mill Hikes May Prices

Driven by rising alloy costs, Nippon Steel Stainless Steel (NSSC) raised its May prices for 300-series stainless steel by JPY10,000/ton and 400-series by JPY5,000/ton. May benchmark prices for nickel and chromium were raised to US$7.96/lb and US$1.63/lb, up 2.6% and 1.8% respectively.

12 hours ago