Ri Hong Stainless (Shanghai) Co., Ltd., which is stainless steel coil center in China, achieved the production to 4,000 tonnes per month. The firm was established by 5 companies which are such as Japanese major stainless steel maker, Nisshin Steel or Japanese major business house, Hanwa Corporation, and started the operation at the ended of June 2007. Nisshin Steel and Hanwa will expand the selling volume of stainless steel sheet due to increasing demand in China.Ri Hong Stainless (Shanghai) supplies the stainless steel sheet to mainly Chinese maker or distributors. Nisshin Steel will increase the supply to Japanese user by the strengthening of production and sales system in the days ahead. The firm will sell it through Nisshin Steel Shanghai which is the subsidiary as trading company in Shanghai.Ri Hong Stainless (Shanghai) has slitter, leveler and mini-leveler, which aims the production and sales at 60,000 tonnes per year. The capital found is 30% of Nisshin Steel group, 20% of Hanwa, 13% of Mitsui & Co. Stainless And Special Steel Ltd., 7% of Mitsui & Co. (China).
Japan Steel Scrap Composite Prices (Sangyo Press)
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