On May 08, 2020, special steel: bearing steel, gear steel, steel for construction machinery, high-strength corrosion-resistant special steel manufacturer SDXW Special Steel Technology Group and Metal Research of the Chinese Academy of Sciences jointly issued a notice: the two parties will jointly build a special rare earth steel research center And an annual output of 1 million tons of rare earth steel production line to build a national-level high-end special steel new material production base; at the same time, in order to promote the transformation of the Institute of Metal Research of the Chinese Academy of Sciences and train more professionals, SDXW Group will set up a graduate scholarship and project incubation in the Institute fund. In addition, the two sides also reached an agreement on the opportunity to hold a major project launch meeting of the Chinese Academy of Sciences and related follow-up development issues.
The high-end special steel new material project jointly constructed by SDXW Group and the Institute of Metal Research of the Chinese Academy of Sciences was also successfully selected as a national key project. The smooth implementation of this project will not only further extend the industrial chain, but will also greatly promote the localization of high-end special steel new materials, thereby providing a solid material foundation for the localization of high-end basic components.