Shanxi Taigang Stainless Steel (000825.SZ): output of stainless steel increased by 10.11% in 2011H1

   Date:2011-12-14     Source:xuxinxuxin

In H1 2011, Shanxi Taigang Stainless Steel produced 4.98 million tons crude steel and 4.8 million tons steels, wherein output of stainless steel increased by 10.11% YoY to 1.46 million tons. The newly added capacity does not completed release, and is expected to achieve full production by 2012.

 

Newly Added Capacity of Shanxi Taigang Stainless Steel, 2010-2011

Project

Capacity (Ton)

Note

Seamless Stainless Steel Tube

50,000

It started operation in 2010 and gradually reached full production.

Precision Stainless Strips Steel

20,000

It started operation in 2010 and gradually reached full production.

Stainless Steel Sheet Phase II Expansion Project

400,000

Under construction

Production Base of Welded Tube, Phase I (oil and gas tube, petroleum pipe and circular tube for mechanical structure.)

450,000

It is expected to be finished construction by the end of 2011

Production Base of Welded Tube, Phase II (High-end welded tube)

Approximately 1,000,000

Under planning

 Source: Shanxi Taigang Stainless Steel; ResearchInChina
 

Currently, its capacity of crude steel and steels reaches 10.5 million tons and 9.87 million tons respectively. As the largest manufacture of stainless steel in domestic China, Taigang Stainless Steel has stainless steel capacity of 3 million tons approximately, wherein capacity of cold-rolling stainless steel, stainless section steel, stainless steel wire and stainless steel medium plate is 2 million tons, 0.4 million tons, 0.1 million tons and 0.12 million tons respectively.  

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