Xinjiang Guangshi Metallurgy Exits Vanadium Nitride Market

Date: Apr 03, 2019

BEIJING (Asian Metal) 3 Apr 19 – Xinjiang Guangshi Metallurgy (Group) Co., Ltd. has an annual production capacity of 1,200t of vanadium nitride, but as a result of bankruptcy, it has dismantled its production equipment for the material and exited the vanadium nitride market completely.

A source from the company said, “Our company has two vanadium nitride production lines with a total production capacity of 1,200tpa. But after filing bankruptcy application, we have been out of production for years. So far we have completely dismantled the equipment and will no longer resume vanadium nitride production. ” According to the source, violent price fluctuations in the vanadium nitride market and difficulties in collecting payments from downstream steel mills are the two major reasons for the company to exit the vanadium market.

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