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Sichuan Dazhou Iron & Steel Group Co (Dazhou Steel), a 3.2 million tonnes/year steelmaker in Southwest China’s Sichuan province, has finalized details of its relocation and upgrading plan, according to an announcement from the Dazhou Municipal Bureau of Economic and Information Technology posted earlier this week.
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The agreement between Hebei Iron & Steel Group, China’s second largest steel producer based in North China’s Hebei province, and India’s Tata Steel, for HBIS to acquire a 70% stake in the latter’s steel business in Southeast Asia has been cancelled as HBIS had failed to obtain the necessary approvals for the deal from the Hebei provincial government, a HBIS official confirmed on August 7.
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Baoshan Iron & Steel Co (Baoshan Steel), the Shanghai-listed arm of Baowu Steel Group (Baowu), China’s top steelmaker, has decided to establish a new company to be based in coastal Yancheng city in East China’s Jiangsu province, to facilitate the building of its 20 million tonnes/year greenfield steelworks there, the company announced on July 30.
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Ningbo Iron & Steel Co (NISC), the only steel subsidiary of Hangzhou Iron & Steel Group (Hanggang) in East China’s Zhejiang province, ignited its new No.1 2,500 cu m blast furnace on July 25 after over 19 months of construction, a company official confirmed on July 26.
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Shijiazhuang Iron & Steel Co (Shigang), a subsidiary of Hebei Iron & Steel Group (HBIS) in Shijiazhuang city, North China’s Hebei province, has started constructing its new steelmaking plant, a key part of Shigang’s relocation plan, a Shigang official confirmed on Tuesday.
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The government of East China’s Jiangxi province has rejected plans drawn up by Hebei Shengbao Iron & Steel Group in Langfang city, North China’s Hebei province, to relocate to the province, a Jiangxi official confirmed on Tuesday.
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Speculation is rife in China’s steel community that Baowu Steel Group Co (Baowu), the country’s largest steel producer by capacity and the world’s second largest maker, will soon acquire Chongqing Iron & Steel Group (Chonggang) in Southwest China’s Chongqing municipality.
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Shandong Iron & Steel Group (Shangang) in East China’s Shandong province, had to modestly trim its greenfield specialty steel capcity in Linyi, a coastal city of Shandong on failing to acquire enough old capacity quotas to fulfil the original 6 million tonnes/year plan, according to a government notice.
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China Baowu Steel Group Co, China’s top steel producer headquartered in Shanghai, has started building a 1.7 million tonnes/year cold rolling mill at its integrated Zhanjiang works in South China’s Guangdong province, a company official confirmed on Thursday.
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Xingtai Iron & Steel Co (Xingtai Steel), China’s leading specialty wire rod producer based in Xingtai city in North China’s Hebei province, will relocate from its present location in the city area to a green-field site in a county about 1.5 hours away, a post on the website of Industry and Information Technology Department of Hebei province (Hebei DIIT) showed on June 3.
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China Baowu Steel Group (Baowu), China’s largest steel producer, has been granted the controlling 51% stake in Magang (Group) Holding (Magang) free of charge, which will help with China’s steel industrial concentration drive and enable Baowu to catch up with ArcelorMittal, the world’s top steel mill, in capacity, Chinese market sources commented on Monday.
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Tang Eng Iron Works Co (Tang Eng), Taiwan’s major stainless producer headquartered in Kaohsiung, South Taiwan, planned to set up a stainless hot-rolled coil mill in Indonesia with the capacity at 1 million tonnes/year at the maximum to enhance its competitiveness, a company official confirmed on May 31.
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South Korea has rejected a proposal submitted by China’s Tsingshan Group and a local partner to build a cold-rolled stainless steel mill in Busan city in Korea’s southwest corner, according to announcements made by the Korean government and Korea Iron & Steel Association on May 30. Tsingshan, headquartered in East China’s Zhejiang province, is China’s and the world’s largest stainless producer.
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The stated-owned Shandong Iron & Steel Group (Shangang) in East China’s Shandong province has proceeded with the second-stage development planning at its new Rizhao integrated steelworks in the coastal area of Shandong to expand the ultimate capacity to around 19 million tonnes/year, a Shangang official disclosed on Wednesday.
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Fujian Dingsheng Iron & Steel, a newly established privately-owned steel producer in South China’s Fujian province, plans to commission two electric-arc-furnaces – the core of its ambitious high-end flat products project – by February 2020, the company has confirmed.
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With the newly-incorporated Linyi Iron & Steel Investment Group joining in the efforts, Linyi city, a coastal city in East China’s Shandong province, is one step closer to building its 14 million tonnes/year high-end steel production base, a provincial government official confirmed on May 21.
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The long-delayed relocation of upstream facilities belonging to Anyang Iron and Steel Co, the Shanghai-listed arm of Anyang Iron and Steel Group Co in Anyang City in Central China’s Henan province, to a greenfield site in the same province could begin within the next four months, according to a report on a local government website posted May 21.
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The latest proposal by Zhongxin and Xugang in Xuzhou city, East China’s Jiangsu province, to build bigger and more efficient blast furnaces and converters via scrapping old facilities are interpreted as the city government’ efforts to upgrade and optimise its local steel capacity to please the Jiangsu provincial authority.
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A newly-formed Chinese investment company intends to build an 8 million tonnes/year steel mill in Brazil for flat rolled steel under China’s “Belt & Road” initiative (BRI), a company official has confirmed. Though the feasibility study for the project has yet to be completed, its backers aim to commission the plant in 2025, Mysteel understands.
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China will improve consolidation in the steel, coal and coal-fired power sectors this year, as part of the central government’s campaign to streamline the country’s heavy industries, according to a May 9 announcement published by National Development and Reform Commission (NDRC), China’s central planning agency.
