Jiangsu Province's policy of differentiated electricity prices raises stainless steel production costs
Views : 113
Update time : 2021-03-12 22:08:18
Recently, the market circulated the notice of the Jiangsu Department of Ecology and Environment on the implementation of ultra-low emission differentiated electricity prices for steel enterprises.
The stainless steel mills involved in Jiangsu Province, such as Jiangsu Delong, Zhang Zhangjiagang Pohang Stainless Steel, and Lianyungang Huale Alloy Co., Ltd., all needed to implement a price increase standard of 0.3-1.8 cents/kWh.
According to preliminary estimation, the cost of stainless steel cold-rolled coil will increase by about RMB 20 per ton, while the cost of stainless steel hot-rolled coil will increase slightly by approximately RMB 15 per ton.
In the current situation where the profit of stainless steel is relatively meager, it will put a certain pressure on related enterprises.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
