You are here: Home > Steel News > Latest Steel News > Fu’an...

Fu’an of Ningde to build 7 million mt of stainless steel production base

Monday, 31 May 2021 14:49:29 (GMT+3)   |   Shanghai
       

The investment promotion work plan of Fujian Province-based Fu’an of Ningde stainless steel production base with an annual capacity of 7.0 million mt has been announced lately, with the objective of becoming the largest stainless steel production base in the world.

Accordingly, the output value of the whole industrial chain of new stainless steel materials will likely reach RMB 230 billion ($36 billion) by the end of 2025. By the end of 2021, Fu’an of Ningde aims to realize an output value in the stainless steel industry amounting to RMB 130 billion ($20.4 billion).


Similar articles

Flat steel prices in local Taiwanese market - week 47, 2024

21 Nov | Flats and Slab

Flat steel prices in local Taiwanese market - week 46, 2024

14 Nov | Flats and Slab

Malaysia launches AD review on CR stainless from six countries

08 Nov | Steel News

Flat steel prices in local Taiwanese market - week 45, 2024

07 Nov | Flats and Slab

Flat steel prices in local Taiwanese market - week 44, 2024

31 Oct | Flats and Slab

Ex-China stainless steel prices move sideways

29 Oct | Flats and Slab

Flat steel prices in local Taiwanese market - week 43, 2024

24 Oct | Flats and Slab

Flat steel prices in local Taiwanese market - week 42, 2024

17 Oct | Flats and Slab

Flat steel prices in local Taiwanese market - week 41, 2024

10 Oct | Flats and Slab

Thailand launches AD duty investigation on CR stainless steel from Vietnam

07 Oct | Steel News