Tsingtuo Group’s Stainless Steel Bar and Wire Project Will Be Put Into Operation In September 2021

Recently, the Fujian Provincial Development and Reform Commission issued the review opinions on the energy-saving review of the stainless steel bar and wire processing project of Fujian Tsingtuo Group.

It is reported that on July 9th, Fu’an City held a signing ceremony for the second quarter of 2020 investment promotion projects, with 14 projects signed. The total investment is 6.135 billion yuan. There are 5 industrial projects, including Tsingtuo’s supporting stainless steel bar & wire processing project.

It is reported that the project is located in Wanwu Town, Fu’an City, Ningde City, Fujian Province, and is invested and constructed by Fujian Tsingtuo Special Steel Co., Ltd., a subsidiary of Tsingtuo Group.

The project is constructed in two phases. In the first phase, a stainless steel production line with an annual output of 1 million tons, a stainless steel high-speed wire production line with an annual output of 300,000 tons and a supporting project for coil surface treatment will be constructed; in the second phase, a large stainless steel coil with an annual output of 400,000 tons will be constructed. And high-speed wire composite production line and coil surface treatment supporting projects.

Its main building area: 80,000 square meters, and newly added production capacity: 1 million tons/year of bars and 700,000 tons/year of wires.

As one of stainless steel pipe fittings suppliers, KAYSUNS got that, this project is mainly a processing project of stainless steel cold-rolled bar and wire.

At present, the stainless steel coil market in various steel plants has gradually matured and stabilized. In order to expand the stainless steel industry chain, they have begun to gradually deploy the wire rod and tubing market, and gradually increase the wire rod and tube market. On the other hand, Tsingshan Group has deployed stainless steel production lines in Indonesia, and monthly billet imports have certain advantages for the production of stainless steel wire rods.