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[ferro-alloys.com]

  Recently, Baotai 1.1 million tons stainless steel cold rolling project, which was signed and settled in Luoyuanwan, Fuzhou, has been put on record. According to the filing information, the construction period of the project is from April 2021 to March 2024. The total investment of the project is 500 million yuan, including 1 million yuan for civil engineering, 300 million yuan for equipment (including 100 million U.S. dollars for imported equipment and foreign exchange), and 1 million yuan for other investment.

  It is reported that the raw materials of the project mainly come from the hot rolling materials of Baosteel Desheng in Fujian. It is invested and constructed by Fujian Baotai Stainless Steel Co., Ltd. the proposed 1.1 million T / a stainless steel cold rolling project is planned to be carried out in two phases. In the first phase, we will build 90000 T / a stainless steel bright annealing products, 2 20 high rolling mills, 4 stainless steel annealing units and 1 rewinding tension straightening unit, and auxiliary facilities. In the second phase, 1.01 million T / a stainless steel bright annealing products will be built, including 2 stainless steel continuous cold rolling mills, two 20 high rolling mills, 20 stainless steel annealing units and 2 rewinding, tension and straightening units, as well as supporting public and auxiliary facilities.

• [Editor:Catherine Ren]