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Hebei, the top steel producing province in North China, will remove 14 million tonnes/year of steel capacity this year as part of its efforts to combat air pollution over the province, according to a post from Hebei’s Provincial Ecology and Environment Department on April 11.
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Chinese steel producers in North China’s Hebei and Shanxi provinces are bringing back production at a fast pace, now that the production curbs in place for winter were lifted at the end of March, market sources said on Wednesday.
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China Baowu Steel Group Co, China’s largest steel producer by capacity and headquartered in East China’s Shanghai municipality, has begun constructing a third blast furnace at its new steelworks in Zhanjiang city in South China’s Guangdong province, according to a release of Baowu’s official website on April 2.
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Shanghai-listed Chongqing Iron & Steel Co (Chonggang), based at Chongqing city in Southwest China, expects to produce 5.86 million tonnes of molten iron, 6.4 million tonnes of crude steel and 6.13 million tonnes of finished steel products this year, according to its annual operation report released on Friday.
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China’s stainless industry is on the path to having capacity of 56 million tonnes/year, given all the projects that have been newly-planned and under construction, Li Hua, president of Shanxi Taigang Stainless Steel Co, warned while addressing the 17th International Steel Market and Trade Conference on March 28 in Nanjing, East China’s Jiangsu province.
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A new integrated steel works is taking shape in Lu’an city in East China’s Anhui province, with the first phase of the 10 million tonnes/year works to commission this coming August, according to Lu’an Steel Holding, the company actioning the project.
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Shandong Shiheng Special Steel Group Co in Tai’an City, East China’s Shandong province has already been granted all the approvals to build four new blast furnaces with each over 1,000 cu m soon in replacement of its existing ironmaking facilities, a company official confirmed on Tuesday.
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The government of Xuzhou city in East China’s Jiangsu province, is forcing the closure of eight steel mills or pig iron makers by the end of 2019, according to a post published on Jiangsu government website last Thursday.
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China’s Ministry of Industry and Information Technology (MIIT) plans to launch verification checks across China this year to confirm that the government’s achievements over the past few years at eliminating surplus and outdated steel and iron-making capacity are protected, according to Xu Wenli, head of the steel office under MIIT’s iron and steel division.
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China’s largest steel producer China Baowu Steel Group mulls constructing its own overseas manufacturing site as part of the efforts in internationalizing its business and strengthening its capacity in operating international investments and management, according to a sharing on its official wechat account on February 21.
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Shanghai-listed Xining Special Steel, a carbon and specialty steelmaker located in Xining city, Northwest China’s Qinghai province, has received a warning from United Credit Ratings (United Ratings) about the rating presently assigned the steelmaker’s corporate bonds in view of the huge losses Xining generated last year.
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The Indian steel community is divided about the likelihood of the country achieving 300 million tonnes/year of installed steelmaking capacity by 2030-2031, despite the government’s emphasis on the feasibility of the target based on various market research and studies, according to Indian speakers at SteelMint’s 3rd Indian Iron Ore & Pellet Summit on February 18-19 in New Delhi.
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India’s crude steel production increased by 4.9% on year to 106.5 million tonnes in 2018, surpassing Japan’s output last year and catapulting the South Asian country to the rank of the world’s second largest steel producer after China for the first time, according to the latest statistics of the World Steel Association (WSA).
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Capacity utilization among members of China’s ferrous smelting and processing industry last year increased by 2.2 percentage points to an average of 78%, with growth in the rate for the sector being the third-fastest for any industry, according to the latest data released by China’s National Bureau of Statistics. The rate for the sector in December improved 0.7 percentage point year on year to 77.7%, the numbers show.
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Hebei Jinxi Iron & Steel Group (Jinxi), China’s leading section steel producer with steelworks in Tangshan in North China’s Hebei province, has decided to purchase 600,000 tonnes/year of capacity ‘quotas’ from a local government-backed capacity trading platform named Tangshan energy consumption and capacity trading center (TECCTC) in preparation for modernizing its facilities.
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Fifteen integrated steelmakers in East China’s Shandong province are having to pay an extra Yuan 0.1/kWh ($0.015/kWh) including 16% VAT for the electricity they buy from China’s State Grid to power their operations starting January 1, as ordered by the Shandong Development and Reform Commission. But mills contacted by Mysteel were largely indifferent to the rise.
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China’s major integrated mills all enjoyed better margins making the three major carbon-steel products last month, according to Mysteel’s latest monthly profits study of 91 blast furnace mills during the period spanning November 26 through December 25.
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CITIC Ltd, China’s top specialty steel producer, will consolidate and list all its core specialty steel asset via its Shenzhen-listed Daye Special Steel Co by transferring its 12 million tonnes/year Xingcheng Special Steel to Daye, according to the releases from both CITIC and Daye on January 2 and January 3 respectively.
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Yunnan Yuxi Yukun Iron & Steel Group Co in Yuxi city in Southwest China’s Yunnan province, plans to build a ‘greenfield’ steelworks with 5.15 million tonnes/year of crude steel capacity in Eshan Yi Autonomous County, also in Yuxi city, a senior company official has confirmed.
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Tangshan Guofeng Iron & Steel Co, an 8.8 million tonnes/year steel producer in Tangshan city’s Fengnan district in North China’s Hebei province, will shut down all facilities at its No.2 steelworks by the end of this month, a company official told Mysteel on Thursday. The shutdown will mean the company’s entire operations will be permanently closed.
