Global stainless steel demand expected to grow

Industry analysts have recently said that the Global stainless steel demand is expected to increase up to 15% in 5 years from 37.4 mln tons in 2015 to 43.2 mln tons in 2020. For ultimate success, Foshan Chengde Stainless Steel Co. (China) contracted Fives for project management of its new stainless steel line.

The new cold annealing and pickling line (CAPL) with a production capacity of 500,000 tons per year will produce 200, 300, 400 series stainless steel products intended for different applications: construction, machinery, automotive, household appliances, medical equipment, chemical containers, high-speed rail and aviation. The line is scheduled to be put into operation before the end of 2017. Fives is responsible for project management, as well as design and supply of an annealing furnace and terminal equipment, including in-line skin-pass: DMS SkinPass 2Hi. The skin-pass mill will remove the yield-point elongation effect and greatly improve the strip-surface roughness and flatness.

The equipment will be manufactured by a Fives’ subsidiary in Shanghai (China). “The stainless steel processing lines designed by Fives have a good reputation in the industry. We believe in Fives’ first-class international design standards and turnkey management experienceâ€?, says Li Quan, one of the shareholders of Foshan Chengde Stainless Steel.

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