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Nippon Steel, Japan’s largest integrated mill, has restarted a banked blast furnace at the Kashima Area of its East Nippon Works in Ibaraki prefecture, north of Tokyo. The steelmaker is responding to improving domestic steel demand, mainly from the country’s auto and machinery sectors, it said.
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Japan’s sales of carbon steel products for both the domestic market and exports in October fell 6.1% on year, and the total volume for the first ten months of 2020, thus, declined 3.4% on year to about 46.4 million tonnes, according to the latest data released by the Japan Iron & Steel Federation (JISF) on December 16.
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On December 16 China’s Ministry of Industry and Information Technology (MIIT) released a draft version of the “capacity swap” scheme for the domestic steel industry, listing the detailed guidelines to adhere to for the installation of all the new domestic iron- and steelmaking capacities, and this long-awaited document has been viewed by market insiders as the new code of conduct to shape the country’s steel industry in the future.
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Nippon Steel says the stoppage of a cold-rolling mill at its Nagoya Works in central Japan after last week’s fire impacted its operations less than had been expected, with most of the facilities at the mill restarted after a couple days and as of Wednesday, overall production at the mill had mostly returned to normal.
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Nanjing Nangang Iron & Steel United Co (Nangang), a 10 million tonnes/year steel producer based in East China’s Jiangsu province, plans to build a 2.6 million t/y coke project in Indonesia, mainly to meet its own consumption needs, given the shortage in domestic coke supply, a company official disclosed on December 11.
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Tata Steel - Tubes Strategic Business Unit (SBU) was established in 1985 after the merger of the erstwhile Indian Tube Company Limited with Tata Steel.
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Nippon Steel, Japan’s largest integrated mill, has been forced to halt operations on a cold-rolling mill at its Nagoya Works in central Japan after a fire broke out on the mill early on December 7, a company official confirmed. Market observers told Mysteel Global the incident could impact automotive sheet supply, just when domestic demand is active.
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Nippon Steel, Japan’s largest integrated steelmaker, has decided to restart another banked blast furnace, announcing on December 4 that a large unit north of Tokyo will be restarted in late January to lift hot metal supply in response to improving steel demand from auto manufacturers.
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Nippon Steel Engineering, the engineering arm of Japan’s largest steel producer, has received an order from Taiwan’s China Steel Corp to supply a large Coke Dry Quenching (CDQ) plant, NSE announced on November 26.
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Nippon Steel, Japan’s largest integrated mill, has restarted a banked blast furnace located in the Kimitsu Area of its East Nippon Works in Chiba prefecture, near Tokyo, to respond to improving steel demand from consumers, especially auto makers.
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Japan’s all kinds of steel exports for October fell 13% on year to about 2.47 million tonnes, or the sixth consecutive month posting an on-year decline, mainly as the Japanese integrated mills had been prioritizing supplies to domestic customers, Mysteel Global understood from the preliminary data released by Japan’s Ministry of Finance on November 18.
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Japan’s sales of carbon steel products for both the domestic market and export in September rose 5.6% on year to about 5.23 million tonnes, according to the latest data released by the Japan Iron & Steel Federation (JISF) on November 16. “A clear recovery in sales has finally appeared,” a JISF official commented.
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China Baowu Steel Group, the top steel mill in China and almost matching ArcelorMittal globally in production capacity, has passed the final hurdle towards getting a 51% stake in Taiyuan Iron & Steel Group (TISCO), with the final approval of the related authorities, and this will also enable it to soon pass the targeted 100 million tonnes/year installed capacity one year in advance, Mysteel Global understands
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JFE Steel, Japan’s second largest integrated mill, will start relining the No.6 blast furnace at the Chiba area of its East Japan Works much sooner than the mill had initially scheduled, saying that by starting the work early it can start cutting production costs sooner, JFE announced on November 9.
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Nippon Steel, Japan’s largest integrated mill, plans to lift the capacity utilization of its steelmaking to 80% over the second half (October 2020 – March 2021) of the fiscal 2020, from the 60-70% in the first half in response to better domestic demand mainly from the auto sector, the company announced on November 6.
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Kobe Steel, Japan’s third largest integrated mill, adjusted upward its crude steel output target for fiscal 2020 (April 2020 - March 2021) by 4.6% or 250,000 tonnes from the projection in August to 5.65 million tonnes on the anticipation of better demand from the domestic auto sector and related customers for the rest of the FY20.
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China’s central government will issue an updated version of its steel capacity guideline by the end of the year, aimed at further slimming down steel capacity nationwide while promoting more environmentally-friendly steel production and industry integration through merger and acquisition activity, according to a October 22 release from the Ministry of Industry and Information Technology.
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Tsingshan Group (Tsingshan), the world’s leading stainless steel producer headquartered in East China’s Zhejiang province, is planning to establish a new 4 million tonnes/year stainless steel project in Yangjiang city in South China’s Guangdong province, in partnership with a state-owned investment company Guangdong Guangxin Holdings Group Co (Guangxin), the steelmaker has announced.
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Mergers and acquisitions since 2016 have grown China’s Baowu Steel Group (Baowu) into the world’s top steel producer as well as hitting its ambitious target of a 100 million tonnes/year steelmaking capacity one year ahead of schedule, and M&As will be a main theme in the company’s next five-year development, Chen Derong, the company chairman, sent a clear message.
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A large integrated steel works project in Malaysia being promoted by Hebei Xinwu’an Iron & Steel Group (Xinwu’an Steel), a steel producer based in North China’s Hebei province, has just received approval from Malaysia’s Ministry of International Trade and Industry, according to a recent release from China’s Ministry of Commerce (MoC). Construction on the 10 million tonnes/year works project is about to start, the MoC release said.
