14,073.79 TRY BIST 100 BIST 100
52.17 EUR EUR EUR
44.60 USD USD USD
6.57 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
40.01 TRY Interest Interest
95.20 USD Fossil Oil Fossil Oil
5.83 USD Copper Copper
107.23 USD Silver Silver
103.00 USD Iron Ore Iron Ore
378.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,783.36 TRY Gold (gr) Gold (gr)
104.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

SMS Group signed agreement with Qinghai Xigang New Materials

SMS Group has signed an important agreement with Qinghai Xigang New Materials Co., Ltd., a subsidiary of Xining Special Steel.

SMS Group signed agreement with Qinghai Xigang New Materials

The agreement includes a comprehensive upgrade and long-term technical maintenance of the PSM380 mill, which is used in the rolling process of special steel bars.

Project aims to increase the production capacity and product quality of the mill, while the upgrade will improve dimensional accuracy, reduce labor costs and provide a better microstructure for low-temperature rolling processes. The modernization is also expected to reduce downtime, make the production process more efficient and increase annual output. Thanks to the more stable operation of the mill, product quality will be maintained, material losses will be minimized and productivity will increase significantly. By doing so, Xigang New Materials aims to further strengthen its competitive position in the Chinese special steel market.

The agreement is not limited to hardware upgrades, but also includes comprehensive maintenance services in line with SMS Group's “lifecycle partnership” concept. The company announced that it will contribute to the uninterrupted and efficient continuation of Qinghai Xigang's production processes.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Utva Silosi signs agreement with Danieli for new ERW pipe mill in Serbia

Monday, April 13, 2026

Kardemir held Its Ordinary General Assembly Meeting

Monday, April 13, 2026

Automotive production fell 7% in the first quarter, exports reached 215,000 units

Monday, April 13, 2026

Partnership agreement signed between Algerian Qatari Steel and Djendjen Port

Tuesday, April 7, 2026

Nakayama Steel and Nippon Steel establish joint venture for electric furnace

Wednesday, April 8, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now