Despite the coronavirus wreaking havoc across much of China during this year’s first half, steel enterprises continued work on no fewer than 38 new steel projects including the construction of new steelmaking and rolling facilities, the installation of environmental protection facilities and upgrades of assorted technology, according to a new Mysteel report investigating the status of steel industry development.
Guangxi Liuzhou Iron & Steel Group (Liugang), headquartered in Liuzhou city, Southwest China’s Guangxi Zhuang Autonomous Region, commissioned the first phase of its two-phase greenfield steelworks on June 28 in Fangchenggang, a coastal city in Guangxi, according to a video of the commissioning ceremony posted by the company on the same day.
Japan’s crude steel output including carbon and special steel dropped more substantially in May, down 31.8% on year to about 5.9 million tonnes, as against the 23.5% on-year fall in April, which was mainly due to the negative impact of the pandemic on steel demand, according to the latest data released by the Japan Iron & Steel Federation (JISF) on June 22.
China is determined to complete its campaign of cutting excessive capacity in certain industries including steel and coal in 2020, the final year of the capacity reduction campaign started 2016, the country’s top economic planning body, the National Development and Reform Commission (NDRC), announced in a notice on June 18. The campaign is proceeding, even though the country is still threatened by a reoccurrence of COVID-19, according to the notice.
Japan’s crude steel output for the fiscal 2020 (April 2020-March 2021) may decline to around 80 million tonne from the 98.43 million tonnes for FY19, predicted Eiji Hashimoto, the newly-appointed chairman of the Japan Iron & Steel Federation (JISF) on June 16 after the first press conference as chairman.
Nippon Steel, Japan’s largest integrated mill, has delayed the banking of No.2 furnace at its Kimitsu works near Tokyo by about a month until mid-June, as it has not been able to fulfill the signed contracts by mid-May, the company’s spokeswoman explained on June 4.
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.
日本钢铁厂计划在4 - 6月份将产量降低26%2020年5月13日
In response to steep decline in domestic steel demand, Nippon Steel, Japan’s largest integrated steel mill, announced on May 8 to bring forward the banking of another blast furnace and a furnace relining both to July from the originally-planned dates, which may cut off another 220,000 tonnes/month steel output.