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Wisco awaits approval for Fangchenggang project

Hubei-based Wisco is still awaiting green light for its Fangchenggang Steel Project in Guangxi. To materialize an overall listing program, Wisco will inject assets in Echeng Steel into Wuhan Iron and Steel Company Limited in the first half of this year, and then infuse the assets ...

Chongqing Steel buys Australian ore

Chongqing Steel was approved by both the Australian and Chinese authorities to take over an iron mine in Australia with a long-term reserve of three billion tons. The company will purchase more than six million tons per year of high-grade iron concentrates from the mine.

Xuanhua Steel shuts down BFs

Hebei Iron and Steel Xuanhua Steel shut down the No.2 blast furnace of 300 cubic meters on March 31, 2010. The move can help the company reduce dust emissions by 236 tons and save 16,000 tons of standard coal per year.

Wisco, Ansteel join price-cutting move

On the heels of Baosteel, China's two other steel giants Wisco and Ansteel have also reduced their prices of ordinary steel products for July shipment by 300 yuan to 600 yuan per ton and 350 yuan to 700 yuan per ton respectively. They also intended to slash auto steel prices by 1...

Panzhihua Steel uses stamp charging technology

Panzhihua Steel has successfully developed the stamp coke charging technology that could take the place of the traditional top charging one in the pig iron-making process. The new feat is supposed to improve pig iron capacity and the coal ratio while reducing the coke ratio.

Benxi Steel merges with Beitai Steel

Benxi Iron and Steel Group Co Ltd and Beitai Iron and Steel (Group) Co Ltd agreed upon a merger deal on June 8 to set up Bengang Group Co Ltd. The new group will have a capacity of 20 million tons and revenues of over 100 billion yuan per year.

Xinyang Steel buys stakes in Australia's NEC

Xinyang Steel has signed an agreement with Australia's NEC in order to secure a long-term coking coal supply from the Colton Mine in Queensland, Australia, where black coal output accounts for up to 57.1 percent of total production in Australia.

Shougang to expand Hierro output

Shougang plans to spend another $1 billion on its Peruvian iron ore project Hierro in the next five years. Shougang took over 98.4 percent of the near-bankrupt state-owned mine on May 11, 1992 for $118 million. Since then, the project has more often than not been crippled by ...

Baosteel cuts July prices

Beset by dwindling orders, Baosteel plans to cut July prices of hot-rolled products by 400 yuan, or about 10 percent, cold-rolled products by 800 yuan per ton and auto steel and high strength steel by 1,300 yuan per ton, or 17 percent. China registered a 14 percent month-on-month ...

Shagang strives to save energy

Shagang has closed two 24-square-meter sintering machines, two 20 t electric furnaces and 32 S7 transformers since 2007. This year the company will try to save the consumption of standard coal by 150,000 tons. According to a state mandate, Jiangsu Province, where Shagang sits, ...

Sanming Steel closes old facilities

Sanming Steel in Fujian permanently shut down its 40-odd-year-old workshop that contains three 30 t converters, two small blast furnaces and a small three-strand continuous casting machine on May 24. Instead, it was launching a 120 t modern converter that can help ramp up output ...

Wisco becomes major supplier of Midea

Wisco has become a principal supplier of Midea Group, China's leading home appliances manufacturer. The appliance group will purchase up to 300,000 tons of steel from Wisco this year.

Nanchang Steel to buy coal assets

Nanchang Steel is planning to invest 211.68 million yuan to buy 49 percent of Jinhuangzhuang Mining, Anhui. Founded on September 30, 2006, Jinhuangzhuang Mining now operates two coal mines that produce coking coal, anthracite and lean coal: the Jinhuangzhuang Mine and the ...

Baosteel develops new color coating steel

Baosteel Huangshi Company has succeeded in developing a new kind of color coating sheet painted with silicone-modified polyester. This new material has a strongly corrosive resistance to acid and alkali and a longer life expectancy than the traditional materials. 210 tons of such ...

Bayi Steel benefits from investment boom in Xinjiang

Demand for steel and cement has soared in Xinjiang as a raft of post-quake projects there supported by 19 other provinces and cities across China are kicking off. Baosteel Bayi Steel was providing 96 percent of steel or more required by key projects in Xinjiang last year. In the ...

Tisco develops stainless for auto exhaust pipe

Tisco has begun to mass produce 429-series super low carbon nitrogen ferrite stainless steel, a kind of heat and fatigue resistant material that can be used by auto exhaust pipes.

Shagang takes over ST Zhangtong

China's largest private steelmaker Shagang has been approved by China Securities Regulatory Commission to purchase 74.84 percent of ST Zhangtong, a publicly traded firm in Zhangjiagang that had been running in huge deficit for three consecutive years until 2009. Once the deal is ...

Baosteel taps coal resources in Hebei

Baosteel has agreed with Jizhong Energy Fengfeng Group to jointly develop a coal mine in Cixi County, Handan. The deposit, covering 100.89 square kilometers, has an estimated coal reserve of 1.53 billion tons.

Two vie for shares in Meimian Steel

China's non-state-owned General Steel has reached a framework agreement with Meimian Steel, a wholly-owned subsidiary of Meimian Energy, to purchase 55 percent of the Taiyuan-based steelmaker for $64.70 million in cash, virtually leaving Tisco, another competitor for a stake in ...

Ansteel strikes merger deal

Chinese state-owned Ansteel in Liaoning Province has signed the most ambitious merger agreement ever in China's steel industry to integrate state-owned Beitai Steel (a 10 million tons steelmaker in Benxi, Liaoning) into a steel titan with a total capacity of more than 50 million ...
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