Tuesday, 08 Feb 2011
It is reported that Chinese steelmaking giant Hebei Iron and Steel Group in 2010 developed more than 120 new steel products with its sales volume of such new products during the year reaching 2.9 million tonnes or 8.5% of its total sales volume.
Also in 2010, Hebei Steel produced 20.5 million tonnes of special steel, accounting for 60% of its total output volume, including steel products for offshore platforms and nuclear projects which have been produced for the first time in China. In 2010, Hebei Steel started production at its 2.15 million tonnes capacity cold rolled project which is the first project for the production of high strength cold rolled automotive plate and wide galvanized automotive plate in China Hebei Province.
In 2010, Hebei Steel invested CNY 1.52 billion in a total of 25 programs aimed at saving energy and reducing emissions. In China 11th five year period (2006-10), Hebei Steel invested CNY 5 billion in programs aimed at saving energy and cutting emissions, completing 142 such programs.
(sourced:SteelOrbis)
Showing posts with label Chinease steel production. Show all posts
Showing posts with label Chinease steel production. Show all posts
Tuesday, February 8, 2011
Tuesday, February 1, 2011
Chinese top steel mill to contribute 60pct of total steel output
Tuesday, 01 Feb 2011
According to an official who was involved in working out the blueprint for the nation steel industry, which is set to be finalized soon said China top 10 steel mills will be able to contribute 60% of the country total steel output and 40% of the nation steel production will come from coastal areas in the 12th Five-Year Plan (2011-2015) period.
An official from China steel lobby, China Iron &Steel Association who wished to remain anonymous said a draft of that plan highlighted the priorities of increasing the concentration of the scattered steel industry, upgrading the industry technology, eliminating outdated capacity and encouraging steel companies to move to coastal bases.
For several years, the nation has been encouraging big mills to merge with rivals to create more cohesive steel groups in an effort to address overcapacity, pollution and a disadvantageous position in price negotiations for iron ore.
Mr Hu Kai an analyst from Umetals.com said Chinese steel companies have to pay an extra USD 200 million this January for iron ore imported from BHP since it made that shift.
The central government aims to create several steel giants with an annual production capacity of over 50 million tons through mergers and acquisitions to reverse the situation.
Hebei Iron and Steel Group Co Ltd said in January that it agreed to take 10% stakes in seven private steel mills to expand its production capacity and increase consolidation in Hebei province. Hebei province where 60% of the capacity comes from small private steel mills is drafting a plan to reduce the number of its steel mills from 88 to 10 during the next five years.
The official from CISA said that because of increasing environmental pressure and the need to control logistical costs, the central government plans to gradually move its steel production to coastal areas. The official said the government will accelerate the restructuring of the steel industry that is focused on China coast with Anshan Steel in Liaoning province, Shougang in Caofeidian, Hebei province; Baosteel in Zhanjiang, Guangdong province and Wuhan Iron and Steel Group in Fangchenggang in the Guangxi Zhuang autonomous region.
The official also said the 12th Five-Year Plan will highlight the preparation of new coastal bases in Fujian and Jiangsu provinces. Another target of the plan is to increase the proportion of Chinese steelmakers self-supplying of iron ore by expanding domestic ore production and acquiring more overseas resources.
Mr Deng Qilin chairman of China third largest steelmaker, Wuhan Steel said his company will become self-sufficient in iron ore supplies in the next five years.
China domestic iron ore supplies have been rising for the last two years. During the first nine months of 2010, domestic iron ore output jumped 26%YoY to 780 million tonnes. (sourced:China Daily)
According to an official who was involved in working out the blueprint for the nation steel industry, which is set to be finalized soon said China top 10 steel mills will be able to contribute 60% of the country total steel output and 40% of the nation steel production will come from coastal areas in the 12th Five-Year Plan (2011-2015) period.
An official from China steel lobby, China Iron &Steel Association who wished to remain anonymous said a draft of that plan highlighted the priorities of increasing the concentration of the scattered steel industry, upgrading the industry technology, eliminating outdated capacity and encouraging steel companies to move to coastal bases.
For several years, the nation has been encouraging big mills to merge with rivals to create more cohesive steel groups in an effort to address overcapacity, pollution and a disadvantageous position in price negotiations for iron ore.
Mr Hu Kai an analyst from Umetals.com said Chinese steel companies have to pay an extra USD 200 million this January for iron ore imported from BHP since it made that shift.
The central government aims to create several steel giants with an annual production capacity of over 50 million tons through mergers and acquisitions to reverse the situation.
Hebei Iron and Steel Group Co Ltd said in January that it agreed to take 10% stakes in seven private steel mills to expand its production capacity and increase consolidation in Hebei province. Hebei province where 60% of the capacity comes from small private steel mills is drafting a plan to reduce the number of its steel mills from 88 to 10 during the next five years.
The official from CISA said that because of increasing environmental pressure and the need to control logistical costs, the central government plans to gradually move its steel production to coastal areas. The official said the government will accelerate the restructuring of the steel industry that is focused on China coast with Anshan Steel in Liaoning province, Shougang in Caofeidian, Hebei province; Baosteel in Zhanjiang, Guangdong province and Wuhan Iron and Steel Group in Fangchenggang in the Guangxi Zhuang autonomous region.
The official also said the 12th Five-Year Plan will highlight the preparation of new coastal bases in Fujian and Jiangsu provinces. Another target of the plan is to increase the proportion of Chinese steelmakers self-supplying of iron ore by expanding domestic ore production and acquiring more overseas resources.
Mr Deng Qilin chairman of China third largest steelmaker, Wuhan Steel said his company will become self-sufficient in iron ore supplies in the next five years.
China domestic iron ore supplies have been rising for the last two years. During the first nine months of 2010, domestic iron ore output jumped 26%YoY to 780 million tonnes. (sourced:China Daily)
Chinese steel production falls in mid Jan - CISA
Tuesday, 01 Feb 2011
Reuters quoted data from the China Iron & Steel Association showed that China daily crude steel output fell 5.4% to 1.695 million tonnes in the second 10 days of January from the previous 10 days the first fall since mid-October.
Average daily steel production on a 10 day basis has climbed since the middle 10 days of October, despite government led measures to cut production in order to meet energy efficiency targets.
Analysts suggested that slower production was mainly the result of routine annual overhauls by several steel mills.
Mr Feng Gangyong an analyst with Guangfa Securities said "Several steel mills carried overhauls which usually last 7 to 10 days before the Chinese Lunar New Year and this had some impact on production."
He said that "I expect this fall would be temporary and steel production will recover growth after the Spring Festival and likely peak in the second quarter."
Mr Feng forecast that China steel production will likely hit 675 million tonnes this year as demand from downstream users including housing and machinery sectors remain strong.
China steel output hit a record of 627 million tonnes last year while analysts are expecting the world top steel producer will continue lifting production this year.(sourced:Reuters)
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