industry

China Metallurgical Group announced it would take part in the construction of the Cape Lambert Iron Mine in Australia in mid-2012. The project is expected to be completed by 2015. The group will mine 55 million tons of low-grade magnetite there per year and turn them into ...
The effective operating ratio of a dry dust removal device attached to TISCO's 4,350-cubic-meter blast furnace has reached 80 percent after a year of flawless operation, surpassing the level of similar devices run by advanced international companies. The unit features a pneumatic ...
Tonghua Steel will set up a steel processing project in Huichun City, Jilin, in company with the two subsidiaries of South Korea's POSCO, one of the world's largest steelmakers. The companies in question will also conduct technical exchanges in the field of steel and raw ...
The completion of Ansteel's signature to purchase 60 percent of VIGANO represented the official startup of the Chinese mill's first overseas steel processing center. VIGANO is an Italian producer of silicon steel and galvanized coil with an annual capacity 100,000 tons.
Baoji Petroleum Steel Pipe has won an overseas order to provide 32,000 tons of pipe to a Russian pipeline project. This is the company's second overseas order this year following the delivery to the TOGP Project in Turkmenistan.
Baosteel Group has secured a credit line of $10 billion from China Development Bank Corp. to fund expansions. The loan will help Baosteel pursue resource acquisitions and expansion abroad, as well as domestic mergers, the group said.
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Wuhan Iron and Steel Group (Wisco) produced 3.02 million tons of pig iron, 3.22 million tons of crude steel and 3.36 million tons of finished steel in October. Wisco estimated that its monthly revenue and profit would be 155.90 billion yuan and 2.48 billion yuan respectively. In ...
Hunan Valin Iron and Steel Group signed a framework agreement with Huarun Group on November 13 to conduct cooperation in the areas of capital financing, coal and coke resources, power projects and steel supply. Their initial collaboration can date back to four years ago when ...
Ansteel has signed a contract with Anhui-based Huaibei Mining Group to purchase at least one million tons of coal per year from 2011 to 2015. The deal came after the steel mill's agreement with Yangquan Coal Group on a 5-year strategic cooperation treaty.
Hebei Iron and Steel Group (Hebei Steel) signed an agreement on November 11 with five local private steelmakers to take up 10 percent of equity in each company through ways of what the group described as an evolutionary approach to equity holding , this being involved management ...
A total of 10,000 tons of heavy rails (each 25 meters long and weighing 60 kg) produced by Ansteel has been shipped to Australia, marking the first time the mill has exported a large amount of such steel to a developed country. The company has won many orders to supply high-speed ...
Taiyuan Steel has successfully developed a new kind of stainless wire coil ER430L that can be used for welding together 430-, 410- and 409-series ferrite stainless substrates.
Nanjing Steel plans to produce eight million tons of steel, 7.45 million tons of pig iron, 7.08 million tons of steel products, and attain sales revenue of 33.4 billion yuan in 2011. The company is expected to make 6.78 million tons of steel, 6.29 million tons of pig iron and 6.3 ...
Ansteel will launch a 1,450 mm cold rolled steel project in 2013. As a principal part of Ansteel's Baiyuquan Steel Base, the project is designed to serve the high-end auto steel market that is also coveted by several other steel giants such as Baosteel, Wuhan Steel and Hebei ...
Inner Mongolia Baotou Steel has successfully completed an industrial experiment on the comprehensive use of niobium resource, laying a basis for the industrialized application of such metal.
Riding on the high level of steel production in the first ten months of this year, Benxi Steel is very likely to reach its goal of producing 10 million tons of steel this year. Despite a high productive capability, the company has managed to reduce its energy intensity while ...
A merger plan between Panzhihua Steel & Vanadium and Anshan Iron and Steel Group (Ansteel) may have entered a critical stage as Panzhihua S&V decided to suspend share trading starting November 2. The plan was approved by the State Council on May 21, 2010, followed by the creation ...
Baosteel announced a net profit of 2.55 billion yuan in the third quarter of this year, a decrease of 15.96 percent from a year earlier. Earnings and revenues were 0.15 yuan per share and 51.14 billion yuan, up 10.15 billion yuan. The company produced 5.81 million tons of pig ...
Taiyuan Steel and Linde (China) have agreed upon a 100 million euros gas-making project. Linde will set up two state-of-the-art air separation units at the production site of Taiyuan Steel each with capacity of 60,000 cubic meters per hour. This project will help the stainless ...
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