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Capacity

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Impact of COVID-19 on Indian Steel Industry Mar 25, 2020

Imposition of lock down to prevent the spread of COVID-19 has weighed down market sentiments in Indian steel industry. Below listed are the impacts seen -
Tianjin eyes three mills for closure in emissions battle Mar 16, 2020

The government of Tianjin municipality in North China intends to order the closure of three integrated steel mills in 2020, as part of the city’s fight to “safeguard blue skies”, Mysteel Global learnt from a government notice published on March 11.
China’s warehouses groaning with steel, ports congested Mar 06, 2020

Chinese warehouses storing steel long products such as rebar, wire rod and bar-in-coil are reaching full capacity, while major ports are congested with vessels full of construction steel queuing to be unloaded, Mysteel’s latest survey published on Thursday indicated. Inventories have swollen as steel demand has plummeted under the impact of China’s fight against COVID-19.
Hebei stays China’s top steel producing province in ’19 Mar 04, 2020

North China’s Hebei province produced 241.6 million tonnes of crude steel in 2019, contributing 24.2% to the country’s total and maintaining its position as the top steel-producing base among 31 Chinese provinces, municipalities and autonomous regions, according to recent statistics from China’s National Bureau of Statistics (NBS).
Desheng Stainless to delay HR mill commissioning on virus Feb 28, 2020

Baosteel Desheng Stainless Steel Co (Desheng) will probably not be able to commission its 1,780mm hot rolling mill on September 28 as per schedule in Fuzhou city, Southeast China’s Fujian province because of the outbreak of the novel coronavirus disease (COVID-19), a company official disclosed on February 27.
Dexin Steel ignites 1st blast furnace in Indonesia Feb 24, 2020

The Chinese-Indonesian joint venture PT Dexin Steel Indonesia (Dexin Steel) blew-in the first of a pair of 1,780 cu m blast furnaces at its steelworks in the Indonesia Morowali Industrial Park (IMIP) in Central Sulawesi province on February 21 after nearly two years of construction, according to a release the same day from WISDRI Engineering & Research Incorporation (WISDRI), the project’s building contractor.
MYSTEEL: 60% Chinese steel producers resume operation Feb 14, 2020

As of February 13, nearly 60% of Chinese steel producers had resumed operations after the Chinese New Year (CNY) holiday over January 24-February 2, but the production status varies widely among the three different types of steel producers, according to Mysteel’s latest investigation across 231 domestic steel mills.
Hebei to cut another 14 mln t/y steel capacity in 2020 Jan 09, 2020

North China’s Hebei, the country’s top steel-producing province, has vowed to cut another 14 million tonnes/year of iron-making and steel production capacity in 2020, an official from the Hebei Development and Reform Commission confirmed on Wednesday. This year is the last for the province to the meet the target set it by the central government to eliminate a total of 40 million t/y of capacity over 2018-2020, Mysteel Global notes.
Linyi Steel’s stainless project closer to building start Jan 08, 2020

Linyi Iron & Steel Investment Group (Linyi Steel Investment) is getting closer to beginning construction on its 700,000 tonnes/year stainless steel project in Linyi, East China’s Shandong province, with its environmental impact assessment report now under the approval process of the local government’s environmental department, an official with the department confirmed on January 7.
FEATURE: Chonggang - Baowu’s next merger target Jan 02, 2020

China Baowu Steel Group Co (Baowu), China’s top steel producer or the world’s second largest with a 90 million tonnes/year capacity, expressed its intention clearly to directly control the 8.4 million t/y Chongqing Iron & Steel Group (Chonggang) in Southwest China’s Chongqing instead of through an invested arm, which will enable Bawu to be just an inch away from its 100 million t/y target, market pundits shared at the end of 2019.
WRAP-UP: Ten major news in China 2019 steel market - 2 Dec 31, 2019

After a rather prosperous 2018, Chinese steel mills have experienced a rather bumpy 2019 with the biggest challenge coming from the soaring raw material costs primarily because of iron ore. The country’s overall steel output in line with substantial growth in demand, nevertheless, still grew substantially with Beijing’s making great efforts to boost domestic demand via infrastructure construction.
Xiangyu, Delong to run new Indonesian SS plant in H1 2020 Dec 27, 2019

Xiamen Xiangyu Group Co (XMXYG), a state-owned investment conglomerate and Jiangsu Delong Nickel Industry Co (Delong Nickel) are going to commission a 2.5 million tonnes/year stainless steel project as part of their investments in Indonesia in the first half of 2020, a XMXYG company official confirmed on December 26.
White paper to reduce tax burden on steel sector Dec 27, 2019

All India Furnace Association (AIFA) organised AIIFA’s 33 National Conference on 23rd Dec'19 in New Delhi. The objective of the conference was to discuss "Most advantageous route of environment friendly steel making through Electric Induction Furnace (EIF) and its global acceptance”.
Zenith reveals 1-stage plan to move to coastal Nantong Dec 17, 2019

Zenith Steel Group (Zenith), now located in the inland city of Changzhou in East China’s Jiangsu province, has rolled out a detailed first-stage plan to move to Nantong, a coastal city also in Jiangsu around 100km east of Changzhou, a company official has confirmed.
CONF: China to finetune steel mill relocation planning Dec 16, 2019

The central government body administering China’s steel industry, together with the China Iron & Steel Association, are looking into how to improve steel capacity relocation practices to optimize the steel sector’s industrial structure, officials from both the organizations shared at the Mysteel Bulk Commodities Week 2020 forum held over December 14-15 in Shanghai.
Shagang revises steelmaking facility upgrading plan Dec 13, 2019

Shagang Group, China’s largest private steel producer in East China’s Jiangsu province, has revised its steelmaking facility upgrading plan by adding a 90-tonne electrical arc furnace (EAF) to be scrapped in exchange for a 130-t EAF in the latest notice for public review over December 12-18, an official from the Industry and Information Technology Department of Jiangsu (Jiangsu IITD) confirmed on Thursday.
Jinxi Steel buys more quotas for Fangchenggang relocation Dec 06, 2019

Hebei Jinxi Iron & Steel Group (Jinxi), China’s leading section steel producer headquartered in Beijing, has secured another 1.35 million tonnes/year steel capacity for its final location to the Fangchenggang city, Southwest China’s Guangxi with a 10 million t/y greenfield steelworks, a company official confirmed on December 5.
Rizhao Steel to add on 5 million t/y ironmaking capacity Dec 05, 2019

Rizhao Steel Holding Group Co, a privately-owned steel producer in East China’s Shandong province, will add on 5 million tonnes/year ironmaking capacity via building two 3,000 cu m blast furnaces, a company official confirmed on December 4.
China Xinya starts work on Indonesia flat products mill Nov 29, 2019

Bazhou City Xinya Metal Products Co (Xinya), a flat strip and tube maker headquartered in Langfang city in North China’s Hebei province, has started constructing its 1.5 million tonnes/year flat products works in Indonesia, which it expects to commission at the beginning of 2021, a company official supervising the project told Mysteel Global on November 29.
China’s Shagang to swap for 4 million t/y new capacity Nov 22, 2019

Industry and Information Technology Department of Jiangsu is collecting public feedback over November 20-27 regarding the proposal from Shagang Group, its largest local steel mill to trade in eight old small-sized blast furnaces for two 2,350 cu m blast furnaces or 4 million tonnes/year steel capacity according to a bureau’s notice, which is for lower emission and at the same time cost effectiveness.

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Product	Grade	Size	Price	Chg	Port
Billet	3SP/Q235	150*150	490	0	Tianjin
Rebar	HRB400	20*12	500	-10	Tianjin
HRC	Q235B	5.51500C	518	-15	Talian
Plate	Q345B	1218002000	515	-20	Tianjin
CRC	SPCC	1.0*1250	535	0	Tianjin
Galvanized	SGCC	0.31000C	665	0	Tianjin

Capacity

Impact of COVID-19 on Indian Steel Industry Mar 25, 2020

Tianjin eyes three mills for closure in emissions battle Mar 16, 2020

China’s warehouses groaning with steel, ports congested Mar 06, 2020

Hebei stays China’s top steel producing province in ’19 Mar 04, 2020

Desheng Stainless to delay HR mill commissioning on virus Feb 28, 2020

Dexin Steel ignites 1st blast furnace in Indonesia Feb 24, 2020

MYSTEEL: 60% Chinese steel producers resume operation Feb 14, 2020

Hebei to cut another 14 mln t/y steel capacity in 2020 Jan 09, 2020

Linyi Steel’s stainless project closer to building start Jan 08, 2020

FEATURE: Chonggang - Baowu’s next merger target Jan 02, 2020

WRAP-UP: Ten major news in China 2019 steel market - 2 Dec 31, 2019

Xiangyu, Delong to run new Indonesian SS plant in H1 2020 Dec 27, 2019

White paper to reduce tax burden on steel sector Dec 27, 2019

Zenith reveals 1-stage plan to move to coastal Nantong Dec 17, 2019

CONF: China to finetune steel mill relocation planning Dec 16, 2019

Shagang revises steelmaking facility upgrading plan Dec 13, 2019

Jinxi Steel buys more quotas for Fangchenggang relocation Dec 06, 2019

Rizhao Steel to add on 5 million t/y ironmaking capacity Dec 05, 2019

China Xinya starts work on Indonesia flat products mill Nov 29, 2019

China’s Shagang to swap for 4 million t/y new capacity Nov 22, 2019

Daily Prices

Prices Summarization

FOB prices of steel products on August 6