ningxia rongsheng ferroalloy group co ltd manufacturer

[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.

ningxia rongsheng ferroalloy group co ltd manufacturer

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ningxia rongsheng ferroalloy group co ltd manufacturer

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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ningxia rongsheng ferroalloy group co ltd manufacturer

Business Scope: Ferroalloy production, Sales; Operating the export business of the company"s self-produced products and technologies; Operating the raw and auxiliary materials needed for the production of the enterprise, Equipment, Import business of spare parts and technology, Except for goods and technologies that are restricted by the state for company operations and prohibited by the state. (Projects subject to approval by law, Business activities can be carried out after approval by relevant departments)

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Want a more robust verification of your potential vendor or partner? The Advanced Company Report features our full 150 data point review, including all of the following categories of data verification.

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ningxia rongsheng ferroalloy group co ltd manufacturer

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ningxia rongsheng ferroalloy group co ltd manufacturer

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ningxia rongsheng ferroalloy group co ltd manufacturer

During 24-25th January, David Li, the general manager of ferroalloy department of Asian Metal, and Sera He, analyst assistant, visited Ningxia Rongsheng Ferroalloys Co., Ltd, Ningxia Yinglite Hebin Metallurgy Co., Ltd, Inner Mongolia Wuhai Junzheng Trading Co., Ltd and Ningxia Sun Magnesium Co., Ltd.

On the morning of 24th January, Asian Metal visited Ningixa Rongsheng Ferroalloys Co., Ltd and talked with Wang Duogui, the general manager of the company, and Hao Jianguo, vice-general manager of the company. Mr. Hao introduced the development history of the company and current business and exchanged his opinion about low-aluminum ferrosilicon market with Asian Metal. Then David Li introduced the development history of Asian Metal and invited them to attend the 3rd World Ferrosilicon Forum on 16-17th May in Yinchuan, Ningxia and give a speech. Mr. Wang and Mr. Hao expressed the support.

On the afternoon of 24th January, Asian Metal visited Ningxia Sun Magnesium Co., Ltd and talked with Gao Yuefeng, the sales manager and other relative persons. David Li introduced the development history of Asian Metal and invited them as a co-host of the 3rd World Ferrosilicon Forum. Mr. Gao thought highly of Asian Metal and said they would consider this proposal. At last Mr. Gao exchanged his thought about current ferrosilicon situation and future trend with Sera He.

On the morning of 25th January, Asian Metal visited Ningxia Yinglite Hebin Metallurgy Co., Ltd and talked with Jing Meili, the director of the company. David Li introduced the development history of Asian Metal and invited them to give a speech on the 3rd World Ferrosilicon Forum on 16-17th May in Yinchuan, Ningxia. Ms. Jing was interested in the forum and introduced current production situation of the company.

On the afternoon of 25th January, Asian Metal visited Inner Mongolia Wuhai Junzheng Trading Co., Ltd and talked with Li Shuang and Hao Xiong, ferrosilicon salesmen. At first, David Li introduced the development history of Asian Metal and invited them to attend the 3rd World Ferrosilicon Forum. Ms. Li and Mr. Hao exchanged their opinions about current ferrosilicon price and other producers’ detailed information with Asian Metal.

ningxia rongsheng ferroalloy group co ltd manufacturer

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.

ningxia rongsheng ferroalloy group co ltd manufacturer

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ningxia rongsheng ferroalloy group co ltd manufacturer

The report of Silicon Alloys Market by Type (Ferrosilicon and Deoxidizers, Inoculants, Artificial Leather, Packaging and Others), Application (Inoculants, Carbon Steel & Other Alloy Steel, Stainless Steel, Electrical Steel, Deoxidizers, Cast Iron, Herbicides, and Others) and Region (North America, Asia Pacific, Europe, South America, Middle East & Africa) is expected to reach US$ XX Bn by 2026, at a CAGR of 5.5% during a forecast period.

The growing necessity for steel in some end-use industries like shipbuilding, construction, automotive, and several other industrial sectors is one of the key drivers for the silicon alloy market. Furthermore, the rising automotive sales all over worldwide are expected to boost the growth of the silicon alloy market. Steel and cast iron a vital component for the manufacturing of automotive vehicles. Steel is the major material in body and chassis structures. It is the pillar of the entire vehicle. In cars, steel makes up about 65% of the weight. The increasing disposable income and promising financial schemes are rising automotive sales and growing the demand for the basic raw material among automotive companies.

Additionally, the use of silicon alloy in the production of industrial utensils and in manufacture favors the growth of the market. Nevertheless, because of the rising need for economic vehicles, automotive producers are decreasing the weight of the vehicle that decreases the quantity of steel utilized in the automotive manufacturing. This is expected to disturb the development of silicon alloy market in the estimated period. However, increasing uses of silicon alloys is anticipated to produce promising growth opportunities for the market. Also, prompt automation and development in infrastructure, particularly in emerging and underdeveloped economies, is also expected to boost the silicon alloys market in the forecast period. Prompt industrialization is projected to result in a rise in demand for cast iron and steel products, particularly in industries like automotive, industrial machinery, energy, and manufacturing. This is anticipated to amplify demand for silicon alloys or ferrosilicon for cast iron and steel manufacturing. Growth in infrastructure improvement is also expected to rise the demand for iron and steel products and boost the silicon alloys market in the projected period.

The Ferrosilicon is accounted for the largest XX% market share in the Silicon Alloys Market due to higher demand for cast iron and steel manufacturing in automotive sector. In terms of Application, the Stainless Steel are the most profitable segment of the Silicon Alloys Market, in terms of revenue. Because of an increase the corrosion resistance and high temperature heat resistance properties of the material which mostly used in automotive and construction industries.

Asia-Pacific holds the dominant share in the silicon alloy market, in 2018. About XX million MT of ferrosilicon, a type of silicon alloy is manufactured each year globally, with China accounting for about XX% of this total. Additionally, the existence of large manufacturers of ferrosilicon like Ningxia Rongsheng Ferroalloy, Erdos Metallurgy Group, Elkem and Group OM Materials in China are supporting the expansion of the silicon alloy market. Also, the rising steel manufacturing in India is also expected to boost the growth of the Asia-Pacific silicon alloy market. Also North America and Europe are prominent regions in terms of volume. The market in Latin America is projected to grow substantially throughout the forecast period due to the increase in the industrialization.

Key players operating in the Silicon Alloys Market are Jindal Stainless Limited, American Elements Corp, ArcelorMittal S.A., Dragon Northwest Ferroalloy Co., Ltd., RFA International, LP, OM Holdings Limited, Elkem ASA, Ferroglobe PLC, Tata Steel Limited, Metal & Alloys Corporation, Kuwait United, DMS Powders (Pty) Ltd., SKP Group, Georgian American Alloys, Inc, Lalwani Ferroalloy Ltd., Pioneer Carbide Pvt. Limited, Steelmin Limited, JAJOO GROUP’S,, Acciaierie Valbruna S.p.a., and Jai Balaji Industries Limited.

Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Silicon Alloys Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Silicon Alloys Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global Silicon Alloys Market positioning of competitors.