Fuxin Steel plans to increase 400 series stainless steel production

Fuxin Steel plans to increase 400 series stainless steel production

China’s Fujian Fuxin Special Steel Co., invested mainly by Taiwan’s Formosa Plastics Corp. and cooperated with Japan’s JFE Steel Corporation; said the company will speed up its 400 series stainless steel production in next year.

400 series stainless steel is kind of magnetic steel with high value-add which suitable in exhaust pipe, kitchenware and induction cooker container usage.

JFE Steel will mainly provide the technical support for Fuxin’s 400 series stainless steel production.

Meanwhile, Fuxin has announced to invest US$500 million to build a cold roll stainless steel production line, and the annual capacity of this new production line is about 400,000 tons.

Source: http://www.yieh.com/

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