Chen Qingke, president of Fujian Province-based Chinese stainless steel producer Tsingtuo Group, has stated that in 2022 the group registered a production value of RMB 183 billion ($26.4 billion), ranking the first among private enterprises in Fujian Province.
Tsingtuo Group has annual production capacities of 1.8 million mt of ferronickel, 5.6 million mt of stainless steel crude steel, 2.2 million mt of stainless steel cold rolled coil and 0.7 million mt of stainless steel seamless pipes.
Meanwhile, Tsingtuo Group said it targeting annual stainless steel production with a value of RMB 300 billion ($43.4 billion) by 2025.