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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.
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Donghai Steel Group in Tangshan city in North China’s Hebei province, is planning to build a new 4 million tonne/year electric arc furnace-based steel mill in South China’s Guangdong province, a company official confirmed on Tuesday.
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Handan Iron & Steel Group Co (Hangang), a subsidiary of China’s second largest steel producer Hebei Iron & Steel Group (HBIS) and located in Handan city, North China’s Hebei province, is shutting the older of its two steelworks in the city centre and using the scrapped capacity to build a new works in a county nearby, a company official confirmed on Tuesday.
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Hebei Jinxi Iron & Steel Group (Jinxi), China’s leading section steel producer headquartered in Beijing, is planning to relocate its steelworks in Tangshan, in North China’s Hebei province, to Fangchenggang city in South China’s Guangxi Zhuang Autonomous Region, according to a recent announcement from Jinxi’s controlling shareholder, China Oriental Group Co (Oriental) on September 3.
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A greenfield steel project in East Malaysia backed by Chinese interests is progressing, albeit very slowly, suggests a recent post by the project’s prime contractor, Metallurgical Corporation of China. MCC was announcing that it had just visited the planned site for the works in Sarawak, and had exchanged views with local officials, Mysteel Global notes.
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Hebei province in North China aims to eliminate 9.99 million tonnes/year of iron and steel capacity within 2019, provincial government officials confirmed on Tuesday, suggesting that the largest steel production province in China is on a steady path to curb its steel-related capacity.
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Three top Chinese administrative organizations – the Ministry of Industry and Information Technology (MIIT), National Development and Reform Commission, and National Energy Administration – will next month launch a campaign of nationwide checks to determine the status of capacity reduction efforts in the country’s steel, coal and power industries, Mysteel Global has learned.
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Four privately-owned steel firms in Wu’an, a county-level city in Handan in North China’s Hebei province, are planning to merge into a single company, sources at the mills confirmed Wednesday.
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Hunan Valin Steel Co (Valin Steel), the Shenzhen-listed arm of Hunan Valin Group in Central China’s Hunan province, saw its sales of premium-quality steel increase by 20.4% on year to 4.48 million tonnes, according to the company’s semi-annual report released recently.
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Alliance Steel (M) Sdn. Bhd (Alliance Steel), a new China-invested integrated steelworks in Kuantan in East Malaysia, is planning to build a 14-sqm shaft furnace to improve its raw material supply system, a company official confirmed on August 20.
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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.
