The Production For Vanadium Nitride Of Chengde Steel Increases By 4.2% In 2019

BEIJING (Asian Metal) 26 Dec 19 – Hebei Steel Group Chengde Steel Co., ltd. produced 2,500t of vanadium nitride in total in 2019, up by 4.2% from last year.

“We mainly produce for Hebei Steel Group, so we can guarantee the demand volume. In 2018, we produced 2,400t. This year, the production volume increased by 100t to 2,500t,” said the source. They quote at RMB148,000/t (USD27.5/kg V) EXW D/A 180 days at the moment, the same as last week.

Located in Chengde Hebei, they are one of the top 5 producers for vanadium nitride in China.

Currently, mainstream prices of Chinese vanadium nitride stand at RMB146,000-149,000/t (USD27.1-27.7/kg V) EXW D/A 180 days, down by RMB2,000/t (USD0.4/kg V) from last week.