ningxia rongsheng ferroalloy group co ltd for sale

[Ferro-alloys.com] The predecessor of Ningxia Rongsheng Ferroalloy Group Co., Ltd is Ningxia Ferroalloy Co., Ltd which was built in the 1970s belonged to state-owned enterprises. Ningxia Ferroalloy Co., Ltd faced with high debt issue and other difficulties underwent policy-based bankruptcy in 2003, thus dropping out of the state-owned enterprises and changing the name to Ningxia Rongsheng Ferroalloy Group Co., Ltd.

With restructuring of enterprises, the decision-making level determined to usher in production of special ferroalloys such as high-purity ferrosilicon, with the support of survival of ferroalloy as long as steel and building industries existed. The change from ferroalloy to special ferroalloy displayed an improvement and innovation of development concept.

Over the decade Ningxia Rongsheng Ferroalloy Group Co., Ltd has been dedicated to producing special ferrosilicon including low Ti and micro aluminum ferrosilicon, which is one of the most cutting-edge raw materials for steel production.

The company produces Q/RST series of special ferroalloy with contents of Al, Ti, Ca and C all less than 0.01%, which are far lower than national and export standards. In February 2014, Ningxia Rongsheng Ferroalloy Group Co., Ltd compiled theStandards of Low Ti & Micro Al Ferrosiliconwith Ningxia Hui Autonomous Region Institution of Supervision and Inspection Product Quality. Ningxia Bureau of Quality and Technical Supervision formally approved and issued the standards. Every specific indicator is stricter than that of GB/T2272.

Through technical upgrading the consumption of raw materials now decreases by 30% and transformation of furnaces enables power consumption to remain below 8, 500 kWh for one ton of special ferrosilicon and this is 2,000 kWh less than other producers of the same product. In the year 2013, the company totally sold 92,283 tons of special ferrosilicon, accounting for about 65% of the national total special ferrosilicon. In the first half of 2014, the company completed production of 46,142 tons for contract purchases.

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Business Scope: Sale of ferroalloys; Technology import and export; Import and export. (Enterprises independently choose business projects in accordance with the law, Carry out business activities; Projects subject to approval by law, Carry out business activities in accordance with the approved content after approval by relevant departments; Do not engage in business activities that are prohibited and restricted by the city’s industrial policies. )

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B��Column B covers ferroalloy products with the HS codes of 7202290000, 7202410000, 7202490000, 7202500000, 7202600000, 7202801000, 7202802000, 7202910000, 7202921000, 7202929000, 7202930010, 7202930090 and 7202990000.

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we are the professional manufactory on ferro silicon .and we are the onr of the best supplyer in China .I f you are interested in ferro silicon .please contact us ,Thank you !

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From the perspective of production cost, in the production cost of ferrosilicon, electricity accounts for 60%-70%, blue carbon accounts for 25%-30%, and silica accounts for 2%. Silica is the raw material of ferrosilicon. Mainly distributed in Shaanxi, Gansu, Ningxia and other northwestern regions. The silica required for ferrosilicon in my country is produced entirely by domestic resources. At present, the largest silica and quartz stone base in China is located in Shizuishan City, Ningxia. The proven silica reserves amount to 4.3 billion tons.

Silica is cheap. Therefore, the proportion of the cost of ferrosilicon is very low. It has minimal impact on ferrosilicon prices. Domestic ferrosilicon production capacity is concentrated in Qinghai, Ningxia, Inner Mongolia, Hunan and Gansu. The output of ferrosilicon in the five provinces accounts for about 75% of the national output. In 2020, the electricity prices in the five provinces are all lower. The electricity price is basically stable at 0.36-0.45 yuan/kWh. In 2021, due to the influence of the "dual control" policy of power curtailment and energy consumption, electricity prices in all provinces will increase significantly. In September 2021, the electricity price in Inner Mongolia will rise to 0.68 yuan/kWh, and the electricity price in Hunan will rise to 0.67 yuan/kWh.

On the whole, for ferroalloys, there will be no large-scale production and power restrictions again in the second half of this year. If there is excess power generation, the possibility of further decline in electricity prices cannot be ruled out.

At present, steel mills are still affected by low profits, high inventory, and low demand, and the reduction in production is relatively large, but it has basically bottomed out. After the fourth round of coke reduction, the profit of steel mills has been restored. There may be some recovery in the future. The periodic replenishment of steel mills will have a certain support for the demand for ferroalloys.

For ferrosilicon, magnesium metal is the second largest demand point. In 2021, magnesium metal will be affected by the "double control" policy of energy consumption, and the production status will be poor. In 2022, the environmental protection policy will become stricter, and the capacity utilization rate of magnesium will be limited. 62% of the domestic magnesium production comes from Shaanxi. However, due to the relatively backward production line of magnesium ingot smelting in Shaanxi, it is expected that the production capacity will be difficult to effectively release under the influence of policies.

Based on the above analysis, the price of ferroalloys this year is still higher than that of 2020. In terms of absolute prices, there is limited room for ferroalloy raw materials and electricity prices to fall. Therefore, it is difficult for the price of ferrosilicon to collapse again. As the global economy is no longer overheated and the geopolitical conflict eases, ferroalloy exports will also gradually decline.

Overall, it is expected that the profits of ferrosilicon manufacturers will remain low in the second half of the year. Ferroalloy prices will remain at the cost line and will not fluctuate significantly.