Indonesian MHP Nickel and Cobalt FOB Prices See Mixed Movements, High-Grade Nickel Matte Down

JISCO has achieved a breakthrough in special steel rolling technology, successfully mass-producing 347H stainless steel plates (8mm × 2600mm) for molten salt storage tanks used in concentrated solar power (CSP) plants. Known as the "energy storage heart" of CSP facilities, high-temperature molten salt tanks demand exceptional heat and corrosion resistance. JISCO's self-developed 347H stainless steel delivers outstanding high-temperature strength, oxidation resistance, and intergranular corrosion resistance, reducing weld seams to enhance structural safety and service life of thermal energy storage equipment, supporting the large-scale growth of China's CSP industry.

China's MIIT has updated its capacity replacement regulations, bringing stainless steel under full regulatory oversight for the first time. The policy enforces a nationwide 1.5:1 replacement ratio, eliminating regional exemptions, with a 1.25:1 ratio applicable only for mergers. Cross-enterprise capacity trading will be banned after a two-year transition ending in 2028, with future transfers requiring structural acquisitions. Approvals lapse if construction does not begin within 24 months. The rules crack down on illegal induction furnace expansion, targeting the sector's historically sub-75% utilization rate. Output growth is expected to slow to 1–2% annually, driving out inefficient small producers while enabling some major mills to consolidate through reorganization incentives.