Tsingshan halts cold-rolled sheet production at Yongwang for two months focusing on nickel

2024-06-10 Producer News, Market News Asia
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The Indonesian cold-rolling mill Yongwang stopped production for two months as its parent company focused on more value-added nickel products due to a May raw material price hike.
In the first days of June, the news that operations at the Indonesian stainless steel cold-rolling plant, Yongwang, had been suspended for two months caught widespread attention in the market. The pause in production was not reportedly caused by technical issues but was a strategic decision driven by more attractive margins in the nickel segment. The mill is preliminary scheduled to resume output in two months, but the timeframe can be adjusted in accordance with market conditions. Continue Reading? Please click box below!

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