Baosteel's stainless steel unit expects stainless steel consumption in China to grow 5 to 7 percent per year over the next five to 10 years, Lou Dingbo, president of the unit, said on Tuesday.
Henan Hongxing Mining Machinery Co., Ltd is a joint-stock mining machinery manufacturing enterprise integrated in scientific research, production and marketing. It is located at the High & New Technology Industries Development Zone of Zhengzhou,China with an area of 50 thousand m2 which includes 15,000 m2 of standard heavy duty industrial workshop. Equipments are more than 160 pieces, including large and medium sized metal processing, riveting and installing equipments. There are more than 660 workers including 80 administrators with secondary and senior occupational titles and engineering technicians. In order to promote the competitive strength, the advanced technologies have been introduced from America, Germany, Japan and Australia, which established the international advanced production line, first-class modern testing base as well as research centers of sand maker, mill and mine-selecting equipment. Scientific management, advanced processing technology and innovative manufacturing theory make the company become the mining machinery manufacturing and exporting base in China.
Lou told a conference held by Metal Bulletin in Shanghai that Chinese demand for stainless steel would remain resilient even as the government tries to curb overheating.
'I believe that after China's tightening measures have been carried out to a certain point and GDP has grown to a certain point, per capita demand for stainless steel will rise,' he said.
'I foresee that in the next five to 10 years, consumption of stainless steel will increase by a moderate rate of 5 to 7 percent.'
Lou noted that global growth for stainless steel would be driven by China and India, while demand in Europe and the United States was likely to slow.
Stainless steel is used in white goods such as refrigerators and washing machines and in construction. It accounts for about 70 percent of global nickel demand.
China is expected to produce 200,000 tonnes of nickel this year, up by about 20 percent compared with last year, with several new projects expected to come on stream.
Hongxing Company lays much emphasis on the quality and clients. We serve clients with the quality guideline of being responsible for every working procedure, every product and every client. What we have done is for the clients and we believe that quality is the best way to develop market. All of the products have passed the authentication of ISO9001. Hongxing Brand is the Chinese Famous Brand. Reliable and stable quality is the key to success; our products are well known at home and abroad. Now we have tens of thousands of users throughout China and more than 30 world markets, such as: South Africa, Middle East, India, Philippine, Western Europe, Southeastern Asia.
However, despite concerted efforts by many steel firms to acquire raw material deposits in order to reduce costs and improve supply security, Baosteel Stainless Steel has no plans to invest in nickel assets, Lou said.As the professional manufacturer of complete sets of mining machinery, such as Cone crushers, Henan Hongxing is always doing the best in products and service.
- Author Articles
- More From This AuthorHongxing Machinery always adheres to the management policy 'people-oriented, regulation-oriented', since its foundation. We are absorbed in every detail to insure the good quality. The company implements the...Mining equipment has really come a long way in the last few years. You need to make sure that you choose the highest quality of mining tools so that you can keep your costs down and improve productivity....According to the industry policy that our country will give significant support to the development of basic industry like energy, transportation and raw material, as the backbone of these basic industries,...Private machinery enterprise had won the market,Shaking concentrator machine, there is a ready cash to eat. But in the fierce competition in the market always maintain leading position, they must keep the...Sudan, short for The Republic of the Sudan. Sudan is located in the south-east of Africa. It's the biggest country in Africa. The industry in Sudan is backward. And the mining too. The main economy is...
- Related Articles
- Related ArticlesToday it is very easy to get your own London home or property without having to go through a lot of trouble using the rent to buy service. This service, offered by property purchasing companies, is currently...Corporate gifts are the medium of strengthening the relation between the clients working together. An appraisal policy with gift encourages the employees to perform best in the office. Though the ides of...India has always been a much-coveted tourist hotspot. Throughout its length and breadth, India is full of places of tourist interest. But among all these, Jaipur is the most exotic one. In ancient times, many...As a quick search on Google will attest, there are many directions in which a professional photographer can grow your business. This article talks about some potential growth paths and some of the issues...When it comes to home renovation, you actually have a lot of designs and patterns to incorporate. Although food is the most basic necessity for a human, there are other essential things which are more ...
- Latest Articles
- Latest ArticlesBariatric surgery and alcohol tolerance Bariatric surgery is an increasing trend directly correlated to obesity reaching epidemic levels in the U.S. As around 65% of adults are overweight or obese, weight...Many people would agree that cleaning the home is one of the most important task in the daily routine. Furthermore, a clean home always looks better than an unattended one. For example, if your home is always...Dental Implants are the essential in the patient to replace and reinstate their absent teeth with approximately as close to natural teeth as conceivable. Dental implant procedures demand a great deal of the...This art is proficient on a large scale in the state of Punjab.Mainly a shawl or a headscarf embroidered on a bristly cotton cloth by use of darn stich. It is traditionally made on Khaddar fabric which is hand...Danger assessments are key to any commercial location, as they assist to decrease the peril of an unsafe event happening, cumulative staff and public safety.Health and safety training has always been...