Laoting Steel wins approval for 4 million t/y expansion

Source: Mysteel Aug 29, 2022 09:00

HBIS Laoting Steel Co (Laoting Steel), a subsidiary of Hebei Iron & Steel Group and based in Laoting, a coastal county in North China's Tangshan, is planning to invest Yuan 26.2 billion ($3.8 billion) to build a project with the steelmaking capacity of 4.05 million tonnes/year in Laoting, Hebei Iron & Steel Group Co (HBIS), the Shanghai-listed arm of the steel giant, announced on August 26. Approval to proceed with the project was given at a board meeting held on August 24, Mysteel Global notes.

The first phase of the expansion project – to be built near the greenfield works' existing facilities – will see the construction of a 500 sq m sintering machine, a 3,200 cu m blast furnace, a 230-tonne converter, a 1,580mm hot strip mill and other related supporting facilities. Stage Two

Price Curve

Daily Prices

Construction steel prices: Shanghai

Jun 08, 2026 09:00
Galvanized section EXW prices: Tangshan major mills

Jun 08, 2026 08:59
Channels prices: Tangshan

Jun 08, 2026 08:58
Steel sheet piling export prices: FOB China

Jun 08, 2026 08:49
I-Beam, angle and channels prices: Lanzhou

Jun 08, 2026 08:48

Mysteel Global WhatsApp business account

Customer Service: globalsales@mysteel.com