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      Shanghai STAL Precision Stainless Steel Co., Ltd.

      Press Release on the 20th Anniversary and the Project III



      Shanghai STAL Precision Stainless Steel Co., Ltd. announces the commissioning of STAL III, the latest expansion of the 20-year joint venture between China Baowu Steel Group and Allegheny Technologies (formerly Allegheny Ludlum) to produce precision stainless steel strip for China and the Asian markets. Thought to be the most advanced in the world, STAL 3 increases capacity by approximately 65%.

      STAL¡¯s production capacity and quality are world-class. They manufacture the ultra-thin, ultra-flat and ultra-hard precision-rolled stainless steel strips that are crucial to the functional parts of consumer electronics industry¡ªgiving protection and rigidity to smartphones, as well as enabling more energy efficient flexible solar panels and narrow tolerance applications in many other industries.

      The expansion includes a 1219 mm (48¡±) wide Cold Rolling Mill enabling production of sheets of 0.04mm, thinner than a human hair, a bright anneal line and associated auxiliary finishing equipment. STAL¡¯s products are sold across Asia, including China, Japan, Korea, Singapore, Vietnam and India.

      The STAL joint venture was formed in 1995 with the purpose of specializing in the manufacturing and marketing of precision-rolled stainless steel strips for the Asian market. It is located in the Xin-Zhuang Industrial Zone of Shanghai.  The joint venture brought together China Baowu Steel Group owning 40% and what was then Allegheny Ludlum ¨C now Allegheny Technologies ¨C owning 60%. It was last expanded in 2007, when STAL 2 was brought on-line.

      STAL is a foreign-investment advanced technology enterprise in Shanghai and has been rated as a foreign-investment double excellent enterprise in Shanghai for eight consecutive years. It has also been certified as a new high-tech and advanced technology enterprise for 10 years.

      (C) 2019 STAL