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Wujin Stainless Steel wins bids for high-end stainless steel pipe procurement project for RMB370 million

Wujin Stainless Steel announced on December 5 that the company won the bids for the procurement of S30432 high-end stainless steel pipe which Shanghai Boiler Works Co., Ltd. needed recently for million-grade thermal power units for 2023. The estimated demand for stainless steel pipe in this bid winning contract is about 1.2 million meters, with a total amount of about RMB370 million (USD53.13 million) including tax, accounting for 13.71% of the company's total operating income in 2022.