Guangdong Yongjin 350,000-ton wide-width precision stainless steel strip technical transformation project

The Guangdong Provincial Energy Bureau recently announced that the main technical standards and construction plans adopted by Guangdong Yongjin Metal Technology Co., Ltd. for the annual processing of 350,000 tons of wide precision stainless steel plates and strips meet the requirements of relevant national energy-saving regulations and energy-saving policies. Project energy saving report. The project is designed to produce 350,000 tons of 300 series 2B precision stainless steel strips per year.

TISCO: The acquisition of Xinhai Industrial shares passed the anti-monopoly review

TISCO Stainless announced that on June 2, 2022, the company received the “Decision on No Further Review of the Anti-monopoly Review on Concentration of Business Operators” issued by the State Administration for Market Regulation (Anti-Zheng Second Review Decision [2022] No. 332), The specific content is "According to the provisions of Article 25 of the "Anti-Monopoly Law of the People's Republic of China", after preliminary examination, it is hereby decided that no further examination shall be carried out on the case of Shanxi Taigang Stainless Steel Co., Ltd.'s acquisition of the equity of Shandong Xinhai Industrial Co., Ltd. The company can implement concentration from now on. This case involves other matters other than the anti-monopoly review of the concentration of business operators, and it will be handled in accordance with relevant laws.”

Walsin Lihwa expands global presence in stainless steel

On May 31, the board of directors of Walsin Lihwa Co., Ltd. decided to acquire a 70% stake in European stainless steel bars and Panyuan steel mill Cogne Acciai Speciali (hereinafter referred to as CAS) from the Italian Marzorati family for 225 million euros, combining the product, technology and market advantages of both parties. , become a global stainless steel enterprise, and is expected to complete the merger and acquisition process by the end of 2022.

Baosteel Co., Ltd. plans to achieve 80 million tons in the first step and 100 million tons in the second step in the future

Recently, Baosteel replied on the investor platform that the absorption and merger of Wuhan Iron and Steel Co., Ltd. has achieved remarkable results! Through the successful experience of Baowu integration, the company is confident and looking forward to the benefits of future mergers and acquisitions. To further develop and expand, realize the production capacity plan of 80 million tons in the first step and 100 million tons in the second step.

Indonesia seeks to complete 53 30 nickel smelters by 2024

The Indonesian government aims to complete the construction of 53 smelters by 2024. As many as 21 smelters were operating in Indonesia by the end of 2021. These nickel smelters are being built to provide added value to nickel mines after the government introduced a policy to ban the export of mineral raw materials, starting from 2020. To support this policy, the government aims to build 53 smelters, including 30 nickel smelters, by 2024.

The first phase of the Indonesian CNI ferronickel project jointly contracted by China ENFI officially started

From June 1st to June 7th, the first phase of the Indonesian CNI ferronickel project, which was jointly contracted by China ENFI and PT PP, a large-scale engineering construction enterprise in Indonesia, held a kick-off meeting, marking the official start of the first phase of the project. After the project is fully completed, it will process 3.78 million tons of dry base ore and produce ferronickel with a grade of 22%, equivalent to an annual output of 55,600 tons of nickel metal.