Chinese steel giant Baosteel Group has stated that in the first quarter of the current year its subsidiary Ningbo Baoxin Stainless Steel Co. produced 66,000 mt of cold rolled stainless sheet products, up 25 percent year on year.
Ningbo Baoxin Stainless Steel Co. was established in 1996 by Baosteel, Zheyong lron & Steel Investment (Ningbo) Co., and by Japanese companies Nisshin Steel Co., Mitsui & Co. and Hanwa Co.