Tsingshan Group (Tsingshan), the world’s leading stainless steel producer headquartered in East China’s Zhejiang province, is planning to establish a new 4 million tonnes/year stainless steel project in Yangjiang city in South China’s Guangdong province, in partnership with a state-owned investment company Guangdong Guangxin Holdings Group Co (Guangxin), the steelmaker has announced.
Mergers and acquisitions since 2016 have grown China’s Baowu Steel Group (Baowu) into the world’s top steel producer as well as hitting its ambitious target of a 100 million tonnes/year steelmaking capacity one year ahead of schedule, and M&As will be a main theme in the company’s next five-year development, Chen Derong, the company chairman, sent a clear message.
A large integrated steel works project in Malaysia being promoted by Hebei Xinwu’an Iron & Steel Group (Xinwu’an Steel), a steel producer based in North China’s Hebei province, has just received approval from Malaysia’s Ministry of International Trade and Industry, according to a recent release from China’s Ministry of Commerce (MoC). Construction on the 10 million tonnes/year works project is about to start, the MoC release said.
神户制钢了$ 95 /牛逼翘尾因素棒线材价格十月188体育滚球平台导航2020年9月16日
Kobe Steel, Japan’s third largest integrated steelmaker, has decided to lift its wire rod and bar prices for the first time since June 2019, raising both the prices by Yen 10,000/tonne ($95/t) for October deliveries to both its domestic and overseas customers, as input costs have been rising, a company official confirmed on September 16.
The capacity utilization rate of the 126 blast furnaces in Tangshan, North China’s Hebei province, had been gradually easing from the year’s high of 91.2% in the past three weeks to 87.5% by September 3, as the local authority had intensified curbing on local steel mills, a key source of air pollution, Mysteel’s latest survey showed.
Nippon Steel, Japan’s largest integrated mill, has reignited the halted blast furnace with an inner volume of 2,650 cu meters on August 20 at its Kure area of Setouchi Works in western Japan after a halt over August 14-19, and its steel production has not been affected much, a company official confirmed on August 28.
Hebei Iron & Steel Group Co (HBIS) is planning to gradually commission its greenfield steelworks Laoting Iron & Steel Co (Laoting Steel) in Laoting, a coastal county in Tangshan city, North China’s Hebei province next month, according to an August 21 announcement from HBIS’s Shanghai-listed arm.
China Baowu Steel Group (Baowu), China’s largest steel producer in terms of capacity, has been granted a controlling 51% interest in leading domestic stainless steel producer Taiyuan Iron & Steel Group Co (TISCO), enabling the Shanghai-headquartered steel giant to fulfil its goal of reaching 100 million tonnes/year of steel capacity a year earlier than targeted.
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.
JFE Steel, Japan’s second largest integrated mill, plans to restart a banked blast furnace at its Fukuyama section of the West Japan Works around the end of August and target to return to the normal production in two months on noting the demand recovery especially from the auto sector, a company official shared on August 13.
CITIC Pacific Special Steel Holdings (CITIC), China’s leading specialty steelmaker, has its sights set on becoming a leader in the world’s specialty steel industry in the next ten years, with its product portfolio and its capacity being further expanded, the company’s chairman Qian Gang stated at the online 11th (2020) China Iron & Steel Development Forum on July 24.
China’s old-for-new steel capacity swap guidelines released by Beijing in 2015 as part of the core efforts to upgrade the industry without capacity expansion will be updated with greater details “very soon” to more efficiently regulate the sector, Lv Guixin, a senior official from China’s Ministry of Industry and Information Technology (MIIT), disclosed on July 24.
Hebei, China’s largest steel producing province, aims to raise the contribution that its top ten steelmakers make to the province’s total crude steel production to 60% within this year, and lift this further to 65% by 2022, the provincial government stated in its development plan for the steel industry for 2020-2022.