Shandong Xinhai Industrial released its high-end stainless steel project capacity replacement plan. The construction project is Shandong Xinhai Industrial. The equipment includes a 60-mt electric furnace, a 60-mt AOD refining furnace, and an LF refining furnace, with 460,000 mt/year of production capacity. The exit project is Shandong Yanzhou Alloy. The time for dismantling is in accordance with the regulations on capacity replacement and the requirements of the provincial government. Estimated commissioning time is July 2022.