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Beijing has been working quietly on carbon emission cuts for a few years but its open pledge in 2020 to peak the country’s carbon emission by 2030 and to achieve carbon neutrality by 2060 has undoubtedly imposed more pressure publicly on the steel industry, the country’s second largest carbon emission source only after the thermal coal power generation.
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Six major integrated mills have been recognised by the China Iron & Steel Association (CISA) as being the first to meet tough new ‘ultra-low’ emission standards laid down for the industry as part of the country’s drive to achieve cleaner steelmaking. For most of the six, CISA’s accolade has been achieved at considerable financial cost in environmental protection facilities, though the mills will be in a position to recoup some of their outlay with the help of preferential policies, Mysteel Global notes.
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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 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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Despite a pandemic-hit 2020, steel mills in Tangshan city, the core steel producing site in North China’s Hebei province, will still be imposed on restrictive measures on their operations over the winter period of October-March 31 whenever necessary, a practice that the local government has adopted since 2017 to control local pollution.
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Chinese steel mills, traders and end-users have been active in replenishment ahead of China’s upcoming National Day holiday, fearing that trading or transportation might slow down or be halted completely during the long holiday over October 1-8, Mysteel Global has learned from domestic industry sources.
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Operations of steel mills in Northeast China, including production, sales and raw material transportation, has been running as per normal despite that Typhoon Bavi, the severest in 70 years, is approaching the region, Mysteel Global understands from the industry sources on the morning of August 27.
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The Mines Ministry has invited comments from the public on a series of structural reforms it proposes under Atmanirbhar Bharat to enhance private investments and generates employment in the mineral sector.
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Over the period spanning January 2018 through to last July, North China’s Hebei province, the country’s top steel producing province, had removed a total of 47.6 million tonnes/year of iron and steel capacity, according to a post from the Ministry of Ecology and Environment (MEE) on August 19. This means the provincial government achieved its goal of cutting 40 million t/y by 2020 some five months in advance, Mysteel Global notes.
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Tropical typhoon Higos landed Zhuhai city, South China’s Guangdong province, on the morning of August 19, and strong winds and torrential rains swept the region, causing short-term disruption to the regional steel market, according to local sources.
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Quality development is the mission for the Chinese steel industry even though there are many difficulties to conquer along the way, Shen Bin, chairman of China’s chairman of CISA China Iron and Steel Association (CISA), reiterated at CISA’s latest council meeting held on July 31 in Zhangjiagang, East China's Jiangsu province.
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A quick look at how China's economy and steel market performed in the first half of 2020.
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China has raised the flooding alert to orange from yellow since July 12 with historically high water levels at many rivers and lakes, but so far steel mills in the affected provinces in East, Central and Southwest China have been operating as per normal, and have taken extra preventive measures, market sources shared on Monday.
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Despite the COVID-19 wreaking havoc across much of China during the first half of 2020, steel enterprises had been steadily progressing with the 38 ongoing new steel projects including installing new steelmaking and rolling facilities, adding on environmental protection facilities and upgrading assorted technology, according to a Mysteel report checking on the status of ongoing projects by the end of H1.
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As China enters the fifth week of the rainy season which began in early June, heavy rains and occasional floods are dampening steel demand to a large extent, though production at mills remains little affected by the wet weather, mill sources said on Monday.
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Steel demand in South China region has been seriously impacted by continuous heavy rains and occasional flooding associated with the arrival of this year’s Wet Season.
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Despite a formal government notice circulated in the market on May 30, none of the 21 steel mills in Tangshan of North China’s Hebei province have been carrying out a range of 20%-50% cuts on their sintering, pelletizing and blast furnace capacities as speculated by June 2, local industry sources confirmed.
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Rumours spreading in Chinese steel markets that Tangshan city, China’s top steel producing hub, is going to implement another round of output curbs on steel mills in June are giving strong support to domestic steel market sentiment, industry sources said Friday.
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Steel mills located in areas in China where atmospheric pollution is a problem should be encouraged to shift away from blast furnace-based production to electric-arc furnaces and use domestic and overseas scrap steel as a substitute for iron ore, Liu Bingjiang, head of air quality management at the Ministry of Ecology and Environment (MEE), said on May 25, saying this is way for the country to tackle air pollution issues.
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All steel re-rollers in Fengrun district, Tangshan, China’s top steel producing city in North China’s Hebei province, were ordered to halt operations over May 18-31 as part of measures to tighten down on air pollution, according to a government notice seen by Mysteel Global.
