16
Apr
14:06
Jiugang plans stainless steel pickling line
Jiuquan Iron & Steel (Jiugang) plans to add a 400,000 tonne/year pickling line for chromium steel at its Jiugang Hongxing stainless mill.
Currently the project is under an environmental impact evaluation process, but China has continued to support stainless steel capacity investments, Kallanish notes.
Jiugang Hongxing estimates it achieved CNY 224 million ($32.53m) in net profits attributable to shareholders in Q1, turning losses into gains. Jiugang saw s…
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Anonymous
Very good overview of the weekly steel market.
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