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Shanxi Taigang Stainless Steel Co (TISCO), the listed arm of Taiyuan Iron & Steel Group Co, aims to produce 7.8 million tonnes of pig iron and 10.5 million tonnes of crude steel this year, the latter unchanged from last year, according to the company's 2017 annual report released on April 20.
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The reborn specialty steelmaker located in Northeast China's Heilongjiang province, Jianlong Beiman Special Steel, is celebrating the posting of its first profit - an impressive Yuan 3.26 million ($520,110) - from its March business. The result brought an end to the monthly losses the carbon and specialty maker has been struggling with since it resumed operations last November.
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Shanghai-listed Xining Special Steel, based in Xining city in Northwest China's Qinghai province, aims to produce 1.65 million tonnes of crude steel and 1.5 million tonnes of finished steel this year, according to the company's 2017 annual report released on April 10.
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China will impose 25% tariffs on $50 billion worth of imported goods from the US such as aircraft, China's Ministry of Commerce (MoC) announced late on April 4. The move was Beijing's response to the announcement of the United States Trade Representative (USTR) the previous day that Washington intends to apply tariffs of 25% to some 1,300 Chinese industrial products.
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Lianyungang Huale Alloy Company, located in Lianyungang city in East China's Jiangsu province, expects to commission the first of two 6-stand cold rolling mills for stainless by June and complete the second during the first half year of 2019, a company official confirmed on Monday.
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Hebei Iron & Steel Group (HBIS), a top steel producer in North China's Hebei province, will install new steel capacity in Tangshan city, Hebei, by shutting down facilities including all those at its Xuanhua Iron & Steel Co as planned, Mysteel understands from a Hebei provincial government notice on March 27.
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New guidelines issued by Shanxi Provincial Commission of Economy and Information Technology aimed at "transforming" Shanxi's steel industry and allow the replacement of old facilities with new will benefit Taiyuan Iron and Steel Group (TISCO), the province's largest stainless steel producer, a company official confirmed on March 28.
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Beijing Jianlong Heavy Industry Group (Jianlong Group), China's second largest privately-owned steel enterprise and headquartered in Beijing, aims to host 50 million tonnes/year of steel capacity by 2022, including 10 million t/y of special steel capacity, Mysteel has learned. Currently the group's total capacity is 27.4 million t/y, according to its website.
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Hongkong-listed Da Ming International Holding will set up a steel processing and distribution joint venture with Japan's trading company Hanwa Co to better share resources, optimize operations, and upgrade technology, according to a release by Da Ming on March 19.
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Tsingtuo Shangke Stainless Steel Co's newly-installed cold rolling mill, located at its works in Ningde city in South China's Fujian province, produced the first batch of cold rolled stainless coils on March 6, according to a post on the Ningde government's official website on March 15.
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The world's output of crude stainless steel totaled 48.1 million tonnes in 2017, up by about 2.7 million tonnes or 5.8% on year, according to the latest release from the Brussels-based International Stainless Steel Forum (ISSF) on March 15.
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Jiangsu Wujin Stainless Steel Pipe Group Company, a maker of welded and seamless stainless steel pipes and tubes headquartered in Changzhou city, East China's Jiangsu province, plans to invest Yuan 216.5 million ($34.3 million) to build a new stainless seamless tube mill for forming long, precision pipes and tubes for use in applications such as heat exchangers mainly for supply to the petrochemical and nuclear industries, according to a company announcement released on March 15.
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China's 400-series stainless steel output is expected to grow further, thus regaining some market share from the low-quality 200-series in the coming years, according to a post by the Stainless Steel Council of China Special Steel Enterprises Association (CSSC) on March 13.
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Guigang Guibao Special Steel, located in Guigang city in South China's Guangxi province, has begun installing a 120-tonne electric arc furnace (EAF) at its works, according to an announcement from Hubei-based plant builder China First Metallurgical Group Company (CFMCC) which is supplying the unit.
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China's stainless steel industry has been progressing rapidly in the past decade in capacity as well as technological upgrading, according to an industrial review report released by the Stainless Steel Council of China Special Steel Enterprises Association (CSSC) on March 8.
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Chinese domestic prices of stainless steel are seen rising this month amid expectations of a revival of demand and firmer raw materials prices, according to a forecast from the Stainless Steel Council of the China Special Steel Enterprises Association released on March 7.
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China's Shandong Xinhai Technology Co may join the other Chinese nickel and stainless producers in investing in an integrated steel plant in Indonesia with Indonesia-based Sekar Group, according to a report by Indonesia's International Daily News on March 6.
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The European Commission (EC) has finished its review investigation concerning imports of seamless pipes and tubes of stainless steel originating from China, and decided to extend the existing anti-dumping measures for another five years.
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Japan's largest integrated steel maker Nippon Steel & Sumitomo Metal Corp (NSSMC) disclosed the latest timeline regarding the startup of a new 3,700 cu m blast furnace at its Wakayama steel works east of Osaka towards the end of the present fiscal year ending next March, but whether the commissioning that has been postponed so many times over the past five years will finally be lit this time remains moot.
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Jiangsu Zhanshuo New Materials Co in Lianyungang city, East China's Jiangsu province, plans to start constructing the first stage of an 800,000 tonnes/year stainless steel cold-rolled coil (CRC) project sometime this month, a company official confirmed on February 28.
