ZK International Group Co., Ltd a designer, engineer, manufacturer, and supplier of patented high-performance stainless steel and carbon steel pipe products primarily used for water and gas supplies, recently announced that the Chinese government started implementing a new Assessment Standard for Green Buildings this month, which the Company believes provides a favorable catalyst for the stainless steel pipe industry for years to come and could potentially benefit companies such as ZK International.
The New Standard, coded with National Standard No.: GB/T50378-2019, was promulgated by the Ministry of Housing and Urban-Rural Development and the State Administration for Market Regulation on March 13, 2019, and went into effect on August 1, 2019. As part of the New Standard, it requires the mandatory use of stainless steel or copper pipes over more traditional PPR, synthetic plastic or galvanized pipes for water supply.
