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The government of East China’s Jiangxi province has rejected plans drawn up by Hebei Shengbao Iron & Steel Group in Langfang city, North China’s Hebei province, to relocate to the province, a Jiangxi official confirmed on Tuesday.
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Daye Special Steel Co (Daye), the Shenzhen-listed arm of CITIC Pacific Special Steel Holdings, China’s top specialty steel producer, is acquiring a bankrupt maker of large-diameter seamless pipes in East China’s Zhejiang province, according to a Daye announcement on July 2.
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Speculation is rife in China’s steel community that Baowu Steel Group Co (Baowu), the country’s largest steel producer by capacity and the world’s second largest maker, will soon acquire Chongqing Iron & Steel Group (Chonggang) in Southwest China’s Chongqing municipality.
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Stainless steel producers in Taiwan have raised their stainless list prices for both domestic and export sales for July, given signs that the nickel price is recovering and demand among stainless users is improving, Mysteel Global learned from the market on Friday.
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As Tangshan's local government step up its efforts against air pollution, an announcement was made on June 23, 2019. There will be stricter production curbs in place on some steelmakers' processes, from sintering to steel refining.
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Ouyeel, a Shanghai-based steel e-trading platform incorporated and managed by China Baowu Steel Group Co, has successfully convinced more Chinese steel mills to join as business partners, Mysteel Global understands from an Ouyeel post on June 27.
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Shandong Iron & Steel Group (Shangang) in East China’s Shandong province, had to modestly trim its greenfield specialty steel capcity in Linyi, a coastal city of Shandong on failing to acquire enough old capacity quotas to fulfil the original 6 million tonnes/year plan, according to a government notice.
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Kunming Iron & Steel Group Co (Kungang), a state-owned steel company in Southwest China’s Yunnan province, is mulling on the possibility of investing in a 4 million tonnes/year greenfield integrated steelworks in Myanmar, Kungang officials confirmed on Wednesday.
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China Steel Corporation (CSC), Taiwan’s top steel producer headquartered in Kaohsiung, South Taiwan, saw its pre-tax profit for May slump by 23% from April to reach TWD 1.7 billion ($55.1 million), according to a company release on June 24.
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JFE Steel will remain committed to its presence in the ASEAN countries, acting either as an “insider” or an “investor” in the region’s steel industry, depending on the opportunities, Yoshiyuki Nobusa, senior vice president of JFE Steel, shared at the 2019 SEAISI Conference and & Exhibition on June 17, in Bangkok, Thailand.
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Formosa Ha Tinh Steel Corporation (FHS) in north central Vietnam's Ha Tinh province aims to increase its finished steel output to around 6-6.5 million tonnes for 2019, FHS vice president Lin Yao-Kang shared at the 2019 SEAISI Conference & Exhibition in Bangkok, Thailand on June 17.
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China Baowu Steel Group Co, China’s top steel producer headquartered in Shanghai, has started building a 1.7 million tonnes/year cold rolling mill at its integrated Zhanjiang works in South China’s Guangdong province, a company official confirmed on Thursday.
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Xingtai Iron & Steel Co (Xingtai Steel), China’s leading specialty wire rod producer based in Xingtai city in North China’s Hebei province, will relocate from its present location in the city area to a green-field site in a county about 1.5 hours away, a post on the website of Industry and Information Technology Department of Hebei province (Hebei DIIT) showed on June 3.
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China Baowu Steel Group (Baowu), China’s largest steel producer, has been granted the controlling 51% stake in Magang (Group) Holding (Magang) free of charge, which will help with China’s steel industrial concentration drive and enable Baowu to catch up with ArcelorMittal, the world’s top steel mill, in capacity, Chinese market sources commented on Monday.
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Tang Eng Iron Works Co (Tang Eng), Taiwan’s major stainless producer headquartered in Kaohsiung, South Taiwan, planned to set up a stainless hot-rolled coil mill in Indonesia with the capacity at 1 million tonnes/year at the maximum to enhance its competitiveness, a company official confirmed on May 31.
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Yieh United Steel Corp (Yusco), one of Taiwan’s largest integrated stainless makers and headquartered in Kaohsiung in Southwest Taiwan, has decided to roll over its stainless prices for June sales to stabilize the market and restore confidence, a company official confirmed on Friday.
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South Korea has rejected a proposal submitted by China’s Tsingshan Group and a local partner to build a cold-rolled stainless steel mill in Busan city in Korea’s southwest corner, according to announcements made by the Korean government and Korea Iron & Steel Association on May 30. Tsingshan, headquartered in East China’s Zhejiang province, is China’s and the world’s largest stainless producer.
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The No.2 blast furnace belonging to Fangda Special Steel Technology Co in East China’s Jiangxi province exploded at around 16:30 on Wednesday, a company official confirmed late Wednesday afternoon.
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The stated-owned Shandong Iron & Steel Group (Shangang) in East China’s Shandong province has proceeded with the second-stage development planning at its new Rizhao integrated steelworks in the coastal area of Shandong to expand the ultimate capacity to around 19 million tonnes/year, a Shangang official disclosed on Wednesday.
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The No.2 blast furnace belonging to Fangda Special Steel Technology Co in East China’s Jiangxi province exploded at around 16:30 on Wednesday, a company official confirmed late Wednesday afternoon.
