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

Construction on Carredi’s mill to produce stainless-steel wire has started in China’s Yancheng city, Jiangsu province. 

Annual production capacity of the plant will be 300,000mt of stainless-steel wire coils and 700,000mt of stainless-steel rods.

According to the Stainless steel council of China’s Steel enterprises association, the Carredi plant is a Sino- foreign joint venture, with an investment of CNY1bn.

Carredi Electric’s China operations are run out of Changzhou.

The plant will consist of a stainless-steel high-speed wire production line and a stainless-steel small bar production line. 

The plant is expected to be completed in December this year. 

Once operational, annual sales are forecast at CNY15bn.

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