China’s Ministry of Ecology and Environment (MEE) has requested seven provinces and 10 state-owned energy companies to submit their feedback regarding the ministry’s proposals on winter restriction plans for the upcoming winter by September 30, according to its post on the website on September 28.
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.
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.
China’s total coking capacity is seen shrinking by 13.9 million tonnes/year by the end of 2020, according to a report published by Mysteel on August 17. Even though a substantial volume of new coking capacity will commission this year, a larger volume of small-sized or inefficient capacity will be stopped in the meantime if all the targeted eliminations are carried out as scheduled, the authors note.
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.
The Metallurgical Mines’ Association of China (MMAC) expects prices of seaborne iron ore to move within the range of $80-105/dmt CFR China for the second half of 2020 on higher availability but less demand, according to its WeChat sharing on July 31.
In its latest draft for China’s coal industry development strategy, the China National Coal Association (CNCA) proposes to limit the country’s total coal consumption within 4.2 billion tonnes by 2025 on the assumption that coal will remain China’s core energy generation source, while the proportion of clean energy will incline further in the coming years.