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

China’s Qingtuo group plans to construct 1mn mt annual capacity stainless steel rod and wire processing project in Fu’an City, Fujian province. The company’s plant was approved by the province authorities as part its Q2 investment project.  


Fujian Qingtuo Stainless Steel will fund and construct the plant which will produce 1mn mt of stainless steel bars and 700,000mt of wire rods in two phases. In the first phase, a stainless-steel bar production line, stainless steel high-speed wire rod production line and coiled wire treatment facility will be constructed with an annual production capacity of 300,000mt. 


In the second phase, a large stainless steel coil and high-speed wire composite production line with an annual production capacity of 400,000mt and wire coiling surface processing supporting units will be constructed.


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