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China Baowu Steel Group Co (Baowu), China’s top and the world’s second largest steel producer after ArcelorMittal, has been embracing intelligence in manufacturing in the full swing, substituting 2,500 human employees with 479 robots by the end of 2018 for higher efficiency and lower costs, according to a company post on January 16.
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Guangxi Liuzhou Iron & Steel Group Co (Liugang), the largest integrated carbon steel mill in Southwest China, has officially expanded into the stainless sector with a ground-breaking ceremony on January 11 for its 5 million tonnes/year stainless plant at its subsidiary - Liugang Zhongjin Stainless Co - in Yulin, also in Southwest China’s Guangxi Zhuang Autonomous Region, a Liugang official confirmed on Tuesday.
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By an uncanny coincidence, two of Asia’s largest steel companies - China Baowu Steel Group Co (Baowu Group) and Japan’s Nippon Steel & Sumitomo Metal Corporation (NSSMC) – both announced the appointments of new senior executives on January 10, which is of importance as this may hold the promise of closer cooperation between the two steel giants in the future.
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China Steel Corporation (CSC), Taiwan’s top steel producer headquartered in Kaohsiung, South Taiwan, performed strongly in 2018, with its operating income hitting a record high of TWD 400.7 billion ($13 billion), a company official confirmed Thursday.
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Linyi Xinhai New Material Co (Xinhai), a ferroalloys producer based in East China’s Shandong province, has expanded its ferronickel production after a new large rotary kiln electric furnace and associated production facilities were put into operation on January 6, according to post by equipment supplier Dalian Huarui Heavy Industry Group Co on Wednesday.
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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.
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The government of Tangshan, China’s top steel producing city in North China’s Hebei province, announced on December 25 to have initiated an ambitious plan to relocate 13 steel mills from urban areas to the outskirts, either closer to ports or closer to railways, in answer to Beijing’s call for optimizing the country’s steel mills’ location nationwide.
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A restructuring plan for bankrupt steelmaker Xilin Iron & Steel Group, the largest steel enterprise in Northeast China’s Heilongjiang province, was recently approved by its creditors, Xilin Steel officials confirmed on December 27.
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Shaanxi Hangang Iron and Steel Group, a steelmaker hosting 3.3 million tonnes/year crude steel capacity headquartered in Northwest China’s Shaanxi province, started construction on its first electric arc furnace (EAF) on December 25, a company official confirmed on December 27.
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Japan’s Kobe Steel, the majority shareholder in Kobe Special Steel Wire Products (Pinghu), has announced a major expansion of the venture to lift throughput to 5,500 tonnes/month from spring 2020.
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China’s Ministry of Industry and Information Technology late Monday said it intends to remove the names of eleven makers of stainless and carbon steel from its list of qualified domestic producers for 2018, nearly half the number of enterprises disqualified by the ministry for 2017 – a reduction which buoyed Chinese steel industry observers.
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Shenzhen-listed Hunan Valin Steel Co, the listed arm of Hunan Valin Group in central China’s Hunan province, has suspended trading its shares since December 3 to proceed with inviting six creditors to increase their stakes in Valin’s three subsidiaries either via cash or the credits held against these enterprises as a solution for Valin to further reduce its and the subsidiaries’ debt-asset ratios, according to the company disclosure on December 5.
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Jingye Group (Jingye), China’s leading rebar producer and based in North China’s Hebei province, will build three 1,500 cu m blast furnaces and one 150-tonne converter by the end of 2020, according to an announcement published by the provincial government’s Industry and Information Technology Department on December 3.
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Two steel producers in North China’s Shanxi province, Jincheng Fusheng Iron and Steel Co in Jincheng City and Huaxinyuan Iron and Steel Co in Hejin City, plan to build new facilities in their existing works, an official from Shanxi provincial government’s Ministry of Industry and Information Technology (MIIT) confirmed on Monday.
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Debt-ridden Fushun Special Steel Co (FSSS) in Northeast China’s Liaoning province, with the financial aid of its group company Dongbei Special Steel Group Co, aims to complete its restructuring process by December 31.
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Baosteel Desheng Stainless Steel Co, part of China Baowu Steel Group Corp, held a ground-breaking ceremony on November 28 signalling the formal start of an expansion of its integrated stainless works at Luoyuan in East China’s Fujian province, a Luoyuan government official confirmed on Wednesday.
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China Steel Corporation (CSC), Taiwan’s top steel producer headquartered in Kaohsiung, South Taiwan, achieved a month-on-month rise of 6.5% or 62,522 tonnes for its carbon steel sales in October, according to the company’s latest release on November 28. The total reached 1.03 million tonnes and marked a 23-month high since November 2016 when sales topped 1.04 million tonnes. The total volume sold was also 11.2% or 103,575 tonnes higher than total sales one year earlier, according to CSC’s available data.
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Taiwan’s top steel producer China Steel Corp (CSC) has decided to cut its steel list prices for domestic sales for the January-March 2019 period, according to the company’s latest pricing policy released on November 26. The Kaohsiung-based mill said pessimism about steel markets both at home and aboard had prompted its decision.
