According to reports, the total import volume of stainless steel billets in Taiwan in July increased by 12% monthly, of which the increase from Indonesia was as high as 57%, highlighting the reliance of stainless steel upstream factories such as Yulian, Tang Rong, Walsin Lihua on Indonesia's low-cost stainless steel sources .
According to the legal person, the stainless steel billet is a semi-finished product. After the next process, the hot-rolled or wire coil is produced and then used by the processing plant. Continental Tsingshan Group set up a factory in Indonesia's nickel mining area, showing a strong advantage of being close to the source of materials. The prices of stainless steel billets and hot rolled products are relatively cheap, which attracts Taiwanese factories to purchase in large quantities.
The director of the listed stainless steel factory said that according to statistics, the import of stainless steel billets in July was 18,600 metric tons, an increase of 12% from June, and the average price per metric ton was NT$44,600, a monthly decrease of 2.5%. Among them, the main importing country is Indonesia, which imported 12,700 metric tons in July, an increase of 56.9% from June.
The director of the stainless steel plant said that the mainland stainless steel industry was rapidly integrated, and the Baowu Steel Group successfully acquired Taiyuan Stainless Steel. The entire industrial policy was clearly advancing in the direction of "bigger Hengda". Feeling".
In particular, Taiyuan Iron and Steel has announced that it will set up factories in Indonesia, and plans to build 8 ferronickel production lines in Indonesia, as well as subsequent stainless steel smelting bases. After all 8 ferronickel production lines are completed, the annual production capacity will reach 640,000 metric tons. The resources are even more obvious. huge.
