Qingshan produces 10.65mn mt of SS in 2019

Chinese steelmaker Qingshan holding group produced 10.65mn mt of stainless steel and 333mn mt of nickel in 2019, according to their statement. The company’s sales revenue in 2019 was CNY262.6bn. Qingshan is also the biggest nickel producer in Indonesia.  

 

Gunawan Steel halts production at HRC unit

Indonesia’s P.T Gunawan Dianjaya Steel has temporarily halted production at a hot-rolled steel plate unit at Margomulyo from Jan 13. The plan was shut to support operational cost efficiency measures. Gunawan estimates this temporary halt to increase its profits. 

Indonesian’s car sales down by 10pc

Indonesian vehicle sales fell by 10pc to 90,798 units in November 2019 from 100,738 units in the prior year. Total sales for the full year 2019 is expected at around 1.02mn units, according to Indonesia’s automotive association, GAIKINDO. In the Jan-Nov 2019 period, the total vehicle sales declined by 11.5pc to 940,362 units from 1,063,042 units in the prior year.

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