In the short term, the policy of energy consumption restrictions and electricity price adjustment in the main production areas will continue to support the strong operation of ferrosilicon spot market.
The total investment of tengkai metal new material project is 1.15 billion yuan. After all of them are put into operation, the annual output of stainless steel wire coil and small stainless steel bar can reach 300000 tons and 700000 tons respectively.
TISCO has set a higher development goal for the next step, which is to build TISCO into the world's most competitive stainless steel whole industry chain enterprise under China Baowu in accordance with the strategic deployment of the group company.