Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

China’s Baofeng Steel Group has started construction of a new project with an annual capacity to produce 140,000mt of stainless steel pipes. The project is set to come up in the Chishou Eco-Industrial Demonstration Park, Songyang County, Lishui City, Zhejiang Province.


The company has invested CNY720mn for two phases of the project. The first phase of the construction started in May. Of the total, CNY300mn has been earmarked for fixed assets investment for the construction of a coiled tube workshop, tube making workshop, and supporting equipment and facilities. The company has completed construction work for the coil workshop until now. Equipment installation is expected to start in November, with trial production slated to begin in December.

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