The Third Qingdao Multinationals Summit will take place in Qingdao, Shandong province, from June 20 to 21, as part of the country's efforts to accelerate high-level opening-up and boost global economic recovery. Participants' expectations for this year's summit and their insights into China's endeavors to promote a higher level of opening-up and encourage high-quality growth under the new "dual-circulation" development pattern are being featured in a series of reports by China Daily.
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.
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