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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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Australia's Anti-Dumping Commission has initiated an anti-dumping and countervailing investigation on certain railway wheels imported from China, according to an announcement on its official website released on April 18.
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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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Shanxi Taigang Stainless Steel Co, a top stainless producer in China, has decided to slash its list price for 300- and 400-series cold-rolled stainless steel products by Yuan 200/tonne ($32/t) for April sales on noting the remaining lukewarm domestic stainless market, a company official confirmed on April 3.
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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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Taiwan's Yieh Phui Enterprise Co, a maker of carbon steel flat products including pre-painted galvanized, has told the Taiwan Stock Exchange it plans to build a ferronickel smelter and stainless steel plant in Indonesia via its Indonesian subsidiary, PT. E-United Ferro Indonesia.
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Chinese financier Li Feiwen, the second largest shareholder in East China steel giant Jiangsu Shagang Co, has bought a near 8% share in Fangda Special Steel Technology Co, a maker of special steel springs, bars and other specialty longs chiefly for automotive applications and headquartered in Nanchang in Southeast China's Jiangxi Province.
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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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Nippon Steel & Sumitomo Metal Corp (NSSMC), Japan's largest integrated steelmaker, intends to acquire Swedish specialty steelmaker Ovako AB to expand its reach in special steel into Europe, the company announced on March 15.
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Japanese integrated steelmaker Nippon Steel & Sumitomo Metal Corp (NSSMC) and specialty steel producer Sanyo Special Steel have begun discussions which would see NSSMC acquire additional shares in Himeji-based Sanyo, thus becoming a controlling shareholder with a 51% stake.
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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.
