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Provincial Goal of Eradicating Backward Facilities

The recent demolition of an outmoded blast furnace mixer of two million tons at Xinyang Iron and Steel marked the beginning of Henan authorities' campaign to eliminate backward steel facilities throughout the province this year. The government plans to break down 1.18 million ...

MCC to invest in Australian mine

Metallurgical Corporation of China (MCC) said in a statement that it planned to acquire a 5 percent stake in Australian mining company Resourcehouse Limited. MCC would invest 200 million U.S. dollars in Resourcehouse. Besides the 5-percent stake, the investment would also enable ...

Iron Ore Security Issue Escalated

A group of high-ranking Chinese departments are working together to craft policies and measures in view of observing iron ore-related issues such as how to deal with an index-based price setting tendency, supporting steel mills in the go globe strategy, setting standards for the ...

Tangshan Guofeng new HR production line

A self-integrated 1,450 mm hot rolled production line made its debut in Tangshan Guofeng Iron and Steel Company, a subsidiary of China National Travel Service (HK) Group. The line represents the first fully automatic integration and innovation on model and control, inspection ...

Masteel begins pipeline steel supply

Masteel has become a major supplier of X80 pipeline steel for CNPC after passing test on the steel's physical and chemical properties and welding performance and so far provided more than 1.2 million tons of such steel to the oil giant for the use of a 1,833 km-long China...

Baosteel supplies steel for Commercial Aircraft

Baosteel has signed an outlined deal to supply steel for Commercial Aircraft Corporation of China, a multi-state owned corporation founded manufacturer of homemade civil aircrafts in Shanghai, which is scheduled to be in operation in 2012. The project was co-founded in May 2008 ...

Zenith sets goals for 2010

Jiangsu-based Zenith plans to produce and sell 42 billion yuan worth of steel products in 2010 and eventually top 100 billion yuan in the future. In 2009 the non-government managed mill produced 3.77 million tons of pig iron, 5.11 million tons of steel, 5.01 million tons of ...

Liuzhou Steel's output top eight mln tons

Liuzhou Steel's output topped eight million tons in 2009. The mill took the lead nationwide in the amount of material consumption (1,059 kg per ton of steel) and the average eligible ratio of hot metal (99.98 percent). Its production costs fell by 142 yuan per ton from 2008, ...

Panzhihua Steel posts hefty 09 losses

Panzhihua Steel reported a loss of over one billion yuan in 2009 with its operating income slumped to 41.9 billion yuan from 52.4 billion yuan in 2008. A senior official of the mill blamed the loss on enormous fixed investment (up to 10 billion yuan) and the fact that the mill ...

Baosteel s 09 net profit down 11 percent

China's leading steelmaker Baosteel posted a net profit of 5.75 billion yuan in 2009, down 10.93 percent year-on-year; an operating income of 148.5 billion yuan, down 25.97 percent; and a basic earning per share of 0.33 yuan. The mill saw huge gains in the third quarter of 2009 ...

Tangshan Steel finishes share-swap deal

The name of Tangshan Iron and Steel Co Ltd (Tangshan Steel) has been changed into Hebei Iron and Steel Co Ltd (Hebei Steel) after Tangshan Steel had absorbed shares of Handan Iron and Steel and Chengde Vanadium and Titanium. Tangshan Steel, as a residual company, will become a ...

Panzhihua Steel ample patents recipient

Panzhihua Steel received 153 patent certificates out of 345 patent applications the mill submitted last year, including six submitted to more than ten foreign countries such as Japan, South Korea and the United States, up 21 percent and 31 percent respectively.

Baotou Steel the world's largest rail producer

Baotou Steel became the world's largest rail producer by making 1.3 million tons last year, up 40 percent year-on-year, including 570,000 tons of 100-meter long, high-speed (up to 380 km per hour) rail. The mill has received overseas orders of 49,000 tons for its American ...

Wisco signs railway material agreement

Wisco signed a strategic cooperation deal on January 22 with China Railway Materials Corporation, a domestic leading services supplier of railway materials with comprehensive services surrounding the railway industry and steel trade as its core businesses. This cooperation will ...

Ansteel develops premium casting flux

Ansteel and a South Korea manufacturer have decided to set up an equally owned joint venture in Anshan City to produce 20,000 tons of high-grade continuous casting flux from September this year. High-grade protecting slag is widely used in the manufacturing of large slab for ...

Benxi Steel sets 2010 carbon emissions goal

Benxi Steel has laid out energy saving targets this year: limit the consumption of standard coal to 709 kg per ton, save 200,000 tons of standard coal in 2010, limit the consumption of new water to 4.3 tons, self-generate more than 1.78 million megawatts of electricity, restrict ...

Shougang s capacity halved

Shougang's steel output has been slashed from eight million tons in 2008 to just four million tons now, said Zhu Jimin, chairman of the mill. The resettlement of the last batch of 22,000 laid-off workers as a result of closures will be properly solved this year with about 11,000 ...

Ansteel to set up branch in Fujian

Ansteel decided to invest 3.80 billion yuan to set up a wholly-owned subsidiary in Putian, Fujian. The new branch, named Ansteel Cold Rolled Sheet (Putian) Co Ltd, will contain a pickling mill, a cold rolled continuous annealing mill, a galvanized mill, two recoiling mills, three ...

Baosteel inks cooperation pact

Baosteel reached a strategic agreement with China's major equipment manufacturer Shanghai Electric on February 1 to focus on deepening their two-decade long collaboration in areas of products development and materials procurement, establishing a mechanism on semi-annual exchange ...

Shagang to produce 30 million tons this year

In 2009, Shagang Group produced 26.4 million tons of steel, had sales revenue of 146.3 billion yuan, and a net profit of five billion yuan. The group has become one of China's largest and most lucrative mills. This year the mill plans to produce more than 30 million tons of crude ...
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