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

China’s Yangjiang Hongwang Group will commission the second phase of its stainless-steel project in July. The new plant will have a production capacity of 50,000mt .


According to Guangdong Stainless Steel Materials and Products Association, the construction of this plant, which began in November 2019, is complete. The company will also carry out a thermal load testing at the facility in July. 


The first phase of the plant, launched in October 2019, has a production capacity of 700,000mt. With the addition of the second phase later this year, the project’s annual production capacity for stainless-steel cold rolled finished products will total 1mn mt. The group has launched the project in three phases.


The Hongwang Group has seven plants in China with a total production capacity about 3mn mt of stainless-steel cold rolled coils. 


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