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

China-based Guangdong Yongjin Metal Technology has completed its equipment installation in stainless steel cold-rolling project in Yangjiang City. The equipment is a 20-roller reversible cold-rolling unit. The cold-rolling mill is scheduled to be constructed in two phases to produce 300,000mt annually. The project’s first phase commenced in January and currently produces 8,000-10,000mt of products.  The project entails an investment of CNY1.81bn ($250mn). After commissioning second cold rolling unit in March, the company looks to achieve the planned output of 25,000mt by April.


($1 = CNY7.08)


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