With China explicitly expressing its welcome to the imports of steel scrap, pig iron, and semis via the latest import tax adjustments on May 1, Iran may well increase its semis exports to China, as this Middle East country is expanding its national steel capacity and it is already a core supplier of semis to China, Tang Fei, a Shanghai-based steel trader, shared at Mysteel’s 2021 Steel Semis Imports Training on May 28 in Shanghai.
China’s steel mills should conduct a more thorough study when exploring overseas steel investment opportunities either in greenfield projects or takeovers of existing steel assets, as risks have been arising in steel overcapacity in some countries or the growing difficulties in receiving funding, Ruan Qinghua, vice general manager of Capital Engineering & Research Incorporation Limited of Metallurgical Corporation of China (MCC) reminded the market.
The growth in the global steel demand, a crucial variable supporting the price surges in the world, may peak towards the end of Q2 or in Q3, according to the speakers at Mysteel’s 2021 Steel Semis Imports Training in Shanghai on May 28.
For the rest of 2021 and probably next year, the global dry bulk freight availability will stay stretched, unable to match the booming demand, Yu Guixun, general manager of Chun An Shipping Group Limited (Chun An Shipping), a major shipment service company, shared at Mysteel’s 2021 Steel Semis Imports Training in Shanghai on May 28.
Carbon neutral in steelmaking can only be achieved via multidimensional cooperation among related parties including steel producers, research and development (R&D) centres, engineering companies, and IT providers, which is essential to fulfil the target by mid or late 21th century, according to the delegates at the 11th China International Steel Congress in Shanghai on May 27.
The clear consensus among speakers at Mysteel’s 2021 Steel Semis Imports Training in Shanghai on May 28 was that Chinese companies these days are more active in importing semi-finished steel products. But opinions differed regarding the priorities that Chinese buyers should adopt when identifying, selecting, and contracting with overseas semis suppliers.
China’s determination to control steelmaking capacity and crude steel output to reduce its carbon footprint and its reliance on overseas iron ore will see the importation of semi-finished steel become a new rising trend, according to Qi Bin, market research department vice director of the China Iron & Steel Association (CISA).
Shougang Group (Shougang), a top-tier steel mill with its major works in North China’s Hebei province, has raised iron ore pellet feed ratio in its three 5,500 cum blast furnaces at the Caofeidian works of Hebei to 55% on average from the original 28% so as to reduce the feeds of sintered ore and to reduce carbon emission, Hu Xiongguang, vice president of Shougang shared on May 27 at the 11th China International Steel Congress in Shanghai.
China Ansteel Group (Ansteel), a top steel mill headquartered in Anshan, Northeast China’s Liaoning province, aims to reduce carbon emission in its steelmaking by 30% by 2035 after having hit the emission peak by 2025, Dai Zhihao, Ansteel’s president, shared at the 11th China International Steel Congress in Shanghai on May 27.
During the 14th Five-Year Plan period (2021-2025), China will continue with the steel capacity upgrading, replacing 236 million tonnes/year of old steelmaking capacity with 221 million t/y of new capacity, He Wenbo, executive chairman of the China Iron and Steel Association (CISA) disclosed at the 11th China International Steel Congress in Shanghai on May 27.
To achieve ecologically sustainable development and low carbon emissions, China’s steel mills need to keep their steel capacity expansions under control, Mysteel Global learned from speakers at the 11th China International Steel Congress in Shanghai on May 27.