Indonesia's Yongwang Cold Rolling Announces Suspension of Production 📰

On June 13th, news came that Indonesia's Yongwang has announced a temporary halt in production this week. As of June 11th, the production line officially ceased operations, with plans to resume around 80 days later, tentatively in late August or early September. The exact date for resumption is yet to be confirmed, but it is estimated that at least two months are needed for preparation.

This cold rolling steel mill has an annual capacity of 700,000 tons, primarily producing 300 series products. While some industry insiders suggest that the mill's suspension is due to anti-dumping measures imposed by several countries on Indonesian stainless steel products, others claim that the mill is undergoing a reconfiguration of its steelmaking and rolling production lines.

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