Delong launches 6mn mt capacity stainless steel (SS) project in Liyang City of Changzhou municipality in Jiangsu province. The company is building a 5mn mt annual capacity cold rolling SS sheet facility and a 1mn mt SS flat plate unit, according to local media. The company aims to expand its high-end stainless steel hot-rolled and cold-rolled capacity in Liyang.
Jiangsu Delong Nickel has invested CNY17.6bn ($2.72bn) for increasing its production capacity, globally. The company has planned a 2,680mm hot-rolled coil production line with an annual capacity of 3mn mt SS billet, 1mn mt SS flat and medium-thick plate. The high-performance cold-rolled SS sheet project is worth CNY10.8bn and will produce 5mn mt high-performance CR SS sheet, annually.
In December, Qingshan group announced plans to invest CNY2.2bn for a 700,000mt cold-rolled steel plant and a 300,000mt deep processing project in Zhoushan City, Putuo District, Zhejiang province.
China’s Guangdong Stainless Steel Association believes many new domestic SS projects will be completed and put into production this year and in the future, considerably expanding China’s production capacity in the next three years and intensifying market competition.