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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.
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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.
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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.
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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.
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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.
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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”.
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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.
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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.
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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.
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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.
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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.
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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.
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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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Steel market sources in and out of China are divided on the recent news that Jingye Group, a privately-owned rebar maker in North China’s Hebei province, is mulling to acquire British Steel, arguing possible new markets will also bring along a series of uncertainties.
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Hoa Phat Group, the largest steel manufacturer in Vietnam, has hot commissioned the second of four converters that will form the core of the company’s new 4 million tonnes/year steel works under construction at Dung Quat in Quang Ngai province in South-central Vietnam.
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It will be by no means easy for China to realize its target to have its top ten steelmakers contribute to 60% of the country’s total steel output by 2020, though all the leading producers are sparing no efforts to work towards the goal, officials from China Baowu Steel Group admitted at the 19th China International Steel & Raw Materials Conference on September 26.
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Baoshan Iron & Steel Co (Baoshan Steel), the Shanghai-listed arm of China Baowu Steel Group, is striving to achieve “green” and “smart” manufacturing to speed the qualitative development of China’s steel industry, Baoshan Steel President Hou Anhui disclosed at the 19th China International Steel & Raw Materials Conference on September 26.
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China Baowu Steel Group Co (Baowu), China’s largest steel producer, is actioning a plan to advance electric arc furnace (EAF) steelmaking, with many EAF steel projects currently under study at its subsidiaries nationwide, a Baowu official confirmed.
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India, now the second largest steel production country in the world, is expected to see its rude steel output grow by about 6% on year to 113 million tonnes in 2019, slightly higher than the 5.1% year-on-year rise for 2018, Nishtha Mukerjee, Head of Research from SteelMint – an Indian steel market intelligence provider, shared at the Asia Steel Forum 2019 on September 19 in Shanghai, China.
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More details have emerged about the major expansion being planned by Baosteel Desheng Stainless Steel Co (Desheng) that could see the company’s capacity triple to nearly 6 million tonnes/year. But crucially, the project’s timeline remains vague, Mysteel Global has learned.
