Recently, the first coils were successfully rolled off the pickling line and hot-dip galvanizing line of the cold-rolling project of Anhui Panhua New Materials Co., Ltd., for which China National Heavy Machinery Research Institute Co., Ltd., a subsidiary of SINOMACH Heavy Equipment Group, served as the EPC contractor, marking the successful commissioning of the project.

According to the Fu'an City Development and Reform Bureau, as outlined in its 2026 economic and social development plan released on March 6, the city is set to continuously consolidate its leading advantage in the stainless steel new materials industry. A key focus for the year is accelerating the construction and implementation of major downstream projects, specifically highlighting Runhengxin's 600,000-ton stainless steel cold-rolling project and a new titanium alloy materials manufacturing industrial park. Through these strategic capacity expansions, Fu'an aims to push the total output value of its stainless steel new materials industry to 246 billion RMB in 2026, targeting a year-on-year growth rate of over 5%.

First of all, Happy New Year! Wishing everyone a prosperous start to the year. During the Chinese New Year holiday, the Indonesian stainless steel market maintained stable operations overall. On the production side, major smelters and supporting cold-rolling lines maintained normal production rhythms without shutdowns, ensuring a continuous supply of resources. On the sales and procurement side, although mainstream order flow slowed due to holiday factors, sporadic overseas orders continued to function, maintaining a certain level of liquidity in the market. Looking ahead to the post-holiday market: Cost Side: Market concerns regarding the uncertainty of Indonesian RKAB approvals are rising. With expectations of quota cuts and the ongoing rainy season restricting mining and transportation, the supply of nickel ore remains tight, providing strong logic for cost support. Supply Side: Continuous production during the holiday has reserved ample spot resources for the market recovery. As logistics normalize, shipments are expected to gradually return to normal. Demand Side: As domestic and international end-users resume work, restocking demand is expected to be released gradually. Coupled with the continuity of overseas orders, market activity is poised for a quick rebound. Overall, the post-holiday Indonesian stainless steel market shows an orderly connection between supply and demand. Under the combined effect of RKAB quota cut expectations and cost support, prices are expected to run stable to strong.

June 16-17, Hyatt Regency Bangkok Suvarnabhumi Airport, Bangkok, Thailand In recent years, Southeast Asia has gradually emerged as a crucial link in the global automotive industry, leveraging its unique geographical advantages, abundant resources, and vast consumer market, which are rich in supply and demand opportunities. As a regional leader, Thailand has attracted the attention of numerous Chinese NEV manufacturers. Since 2012, SAIC has collaborated with the Charoen Pokphand Group to establish a production site in Thailand, followed by the entry of other Chinese automakers such as Great Wall Motor, BYD, and Neta Auto into the market. Meanwhile, power battery enterprises like Gotion High-tech and SVOLT Energy Technology, as well as parts companies such as Jingcheng Engineering, have also set up factories in Thailand, further promoting the coordinated development of the industry chain. Against this backdrop, the 2025 SMM 2nd Southeast Asia Automotive Supply Chain Conference will be held in Bangkok. We sincerely invite industry elites to jointly explore these challenges and opportunities and work together to drive the prosperity and development of the automotive industry in Southeast Asia and beyond. At this significant juncture, Ko Shun Cheong Holdings Co., Ltd. will attend the conference as an exhibitor. We cordially invite industry peers, both new and old, to participate in the 2025 SMM Southeast Asia (Thailand) Automotive Supply Chain Conference. Click on the registration form to register immediately. We look forward to meeting you at the conference and jointly promoting the healthy and sustainable development of the automotive industry! Booth No.: A11 Pioneering the Future, Riding the Waves, Setting Sail, Expanding Globally Established in Hong Kong in 2000, Ko Shun Cheong Holdings Co., Ltd. (hereinafter referred to as "KSC") is a professional processing and trading manufacturer specializing in metal materials such as special steel, fineblanking steel for automotive applications, aluminum semis, stainless steel, copper semis, galvanized steel, and silicon steel. Driven by continuous innovation, KSC is committed to serving leading enterprises in the precision metal fields of 3C, artificial intelligence, new energy vehicles, automotive fineblanking parts, tools, and more in China and globally, aiming to become a leader in the new materials industry. To better meet and serve regional customers, KSC has invested in and established factories in Dongguan, Kunshan, and Xinyu in mainland China, namely KSC Steel Plate (Shenzhen) Co., Ltd. Dongguan Branch, Suzhou Gaowanchang Steel Plate Co., Ltd., and Xinyu Gaowanchang New Materials Co., Ltd., forming a one-stop processing and distribution center for slitting, shearing, rolling, and delivery. In 2023, KSC purchased land and built its own processing and distribution center in Haiphong, Vietnam, which officially commenced operations in December. In 2024, KSC's Thailand factory completed registration and officially started production in April 2025. Ko Shun Cheong Holdings Co., Ltd. (hereinafter referred to as "KSC") was established in Hong Kong in 2000. KSC is a Processing & Trading manufacturer specializing in Carbon Steel, Fineblanking Steel, Aluminum, Stainless Steel, Copper, Galvanized Steel, and Silicon Steel. Driven by continuous innovation, we are committed to serving worldwide leading companies in the 3C, AI, EV, Automotive Fineblanking, Tools, and other precision metal stamping industries, aiming to become a leader in the new materials industry. To better satisfy and serve regional customers, KSC has invested in three factories in China, located in Dongguan, Guangdong; Kunshan, Jiangsu; and Xinyu, Jiangxi. We are a one-stop processing and distribution center for Slitting, Shearing, Cold-rolling, and Annealing. In 2023, KSC established its first overseas plant in Haiphong, Vietnam. KSC Thailand was registered in 2024 and commenced production in April 2025. ​​​​​​​ Conference Contact Person Tang Wei tangwei@smm.cn

[SMM News] SMM reported on May 30 that Guangdong Runxin Industrial Investment Co., Ltd. is constructing a project in the Wanwu Peninsula of Fu'an with an annual production capacity of 600,000 mt of 400-series cold-rolled stainless steel. As a key project to "fill the gaps" in Fujian's stainless steel industry chain, it took only four months from project alignment to framework design. Upon completion, it will enhance the cold-rolling segment of Ningde's stainless steel industrial cluster, which is valued at over 100 billion yuan. The Wanwu Peninsula is the core area of Ningde's stainless steel new material industry, having gathered over 80 enterprises including Tsingtuo Group, forming a complete industry chain from "smelting to hot-rolling." However, the cold-rolling capacity remains insufficient. Due to the excellent corrosion resistance and lower cost of 400-series stainless steel, demand in sectors such as automotive and home appliances is growing by approximately 15% annually. By 2024, Tsingtuo Group's monthly production of 400-series stainless steel had surpassed that of 200-series, demonstrating significant market potential. Leveraging Fujian Province's policy target of "260 billion yuan in output value" and Ningde City's "Four Ones" specialized service team, the project achieved efficient implementation. The newly added 600,000 mt of capacity will be prioritized for local deep-processing enterprises, forming a closed-loop production model from "hot-rolling to cold-roll

Recently, the Phase I project for the optimization and upgrading of the product mix for the deep processing of aluminum alloy plate and strip at Dongxing Jiayu New Materials Co., Ltd. has been completed and put into operation. The company's annual cold-rolled product capacity will increase from 348,000 mt to 530,000 mt, marking a crucial step in the company's transition from traditional cast-rolled products to high-value-added cold-rolled products. Established in 2016, Dongxing Jiayu New Materials Co., Ltd. has built 60 cast-rolled production lines, leveraging the industry chain advantages of JISCO, and formed an annual cast-rolled capacity of 600,000 mt. However, only 4 out of the 10 planned cold-rolling mills had been completed, resulting in 45% of the cast-rolled coils having to be exported as intermediate aluminum processing products with low added value.