China’s Yangjiang Hongwang Group will commission the second phase of its stainless-steel project in July. The new plant will have a production capacity of 50,000mt .
According to Guangdong Stainless Steel Materials and Products Association, the construction of this plant, which began in November 2019, is complete. The company will also carry out a thermal load testing at the facility in July.
The first phase of the plant, launched in October 2019, has a production capacity of 700,000mt. With the addition of the second phase later this year, the project’s annual production capacity for stainless-steel cold rolled finished products will total 1mn mt. The group has launched the project in three phases.
The Hongwang Group has seven plants in China with a total production capacity about 3mn mt of stainless-steel cold rolled coils.