Asian Metal visites Teye New Material, New Wanbo, Hongding Metal, Hongda New Material

On the morning of December 19, 2019, Zhao Hao, the sales director of Asian Metal and Jiang bo, the market analyst of vanadium market visited Jinzhou Teye New Materials Co., Ltd. and had a friendly communication with Ms. Hu Lili, the marketing director of the company. Founded in 2016, the company's production base is located in Tanghezi industrial park, Taihe District, Jinzhou City, which is the professional production base for special ferroalloy and various metal powders in China. The company is one of the three major alloy powder suppliers in Jinzhou. Relying on the professional production technology and high quality products, the company, based on its accumulated strength, is now standing at the forefront of China's powder metallurgy market.

Later, Asian Metal visited Jinzhou New Wanbo Metal Materials Co., Ltd. and met Mr. Wang Lin, the Chairman of the board of the company . Jinzhou New Wanbo Metal Material Co., LTD. was established in 1998, and its production base is located in Yi Country industrial park, Jinzhou City. The main products of the company are Ferrovanadium 50%min and Ferrovanadium 80%min. The company has one production line equipped with 1.5t of arc furnace to produce Ferrovanadium by adopting silicon thermal smelting technique, with a monthly production capacity of 270t; and another production line by using aluminothermic smelting technique to produce ferrovanadium, with a monthly production capacity of 360t of Ferrovanadium 50%min. With a total monthly production capacity of 630t from the two production lines the company's output of Ferrovanadium ranks the third in China, only behind that of Panzhihua Steel Group and Chengde Steel Group; and ranks the first among private enterprises. The company has established stable cooperation with all large upstream vanadium production enterprises and downstream customers. Mr. Wang introduced the company’s operation in 2019 in detail and discussed the future market development trend with Asian Metal. Mr. Wang gave high praise to the information service of Asian Metal based on extensive and meticulous first-hand research data, broad and lofty perspective and comprehensive mass data to judge market trends.

At noon, Asian Metal visited Jinzhou Hongding Metal Co., LTD., and was warmly welcomed by the company’s General Manager Yin Zhaoxu and the Vice General Manager Zhang Ye. Hongding Metal was founded in 2012, the production base is located in Santai Village, Toutai Yown, Yi County, Jinzhou City. The company has its own proprietary technology of smelting Ferrovanadium by outside furnace process. It’s one of the few domestic manufacturers specializing in the production of Ferrovanadium 80%min. The company has its own raw material internal supply channels and they can effectively control the production cost. Therefore, the company has a greater cost competitive advantage in the Chinese vanadium industry. The company enjoys high reputation in the industry by virtue of its high quality product output and excellent business model of focusing on reputation. The two sides had a detailed analysis of the market situation of vanadium products in the past two years and they shared the outlook of future market together. Both Mr. Yin and Mr. Zhang spoke highly of Asian Metal's information service based on actual research, objective and fair reports on the real market transactions. Also, they appreciated Asian Metal's extensive customer relations in domestic and abroad channels, huge market influence in China and the international market and low-key simple work style expressed high recognition.

In the afternoon, Asian Metal visited Jinzhou Hongda New Material Co., LTD., and was warmly received by Mr. Li Wencheng, the General Manager of the company. Jinzhou Hongda Company was established in 2001, and its production base is located in No.5 of Hetun industrial zone, Guta District, Jinzhou City. The main products of the company are ferroalloy powder and welding powder, covering Ferrovanadium, FeMo, Cr metal, FeW, electrolytic manganese metal, FeB, high (micro) carbon FeCr and so on. The company's products are widely used in welding materials, powder metallurgy and other fields. The company consumes about 100t of Ferrovanadium annually. With professional production technology and stable and reliable product quality, it occupies a leading position in the alloy powder market in China. Combined with the current status of the vanadium market, Mr. Li gave a detailed introduction to the company's production and operation in 2019. He gave a high evaluation to Asian Metal's professional service which covers both domestic market and global market, and hopes to keep exploiting the global market by relying on the Asian Metal all-metal platform.