Stainless Steel Plant Reinvested by Taiwan Formosa Plastics to Achieve Full Capacity in China Next May

President Lee Zhi Tsun (Transliteration) of Taiwan’s Formosa Plastics Group said that the new stainless steel plant Formosa Plastics reinvested in China is going to reach full capacity next May and the annual production can go up to 0.7 million tons (which is also likely to expand to 0.9 million tons) Major products of the new plant will include 400 series stainless steel with the content of chromium, titanium, and niobium, as well as 300 series stainless steel with the content of nickel and chromium. The price of 400 series per ton is USD1,100, which is half the price of 300 series reaching USD2,200.