Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / Tangshan’s Jinxi Steel to move to south China

Tangshan’s Jinxi Steel to move to south China

Sep 4, 2019 15:06

Source:SMM

Jinxi will build a steel mill that can produce 10 million mt of steel a year in Fangchenggang

SHANGHAI, Sep 4 (SMM) – The Hong Kong-listed China Oriental Group said on Tuesday September 3 that its subsidiary, Hebei Jinxi Iron & Steel Group, will build a steel mill that can produce 10 million mt of steel a year in Fangchenggang city in southern China’s Guangxi Zhuang Autonomous Region.

This would be a swap with Jinxi’s existing capacity in the top steelmaking hub of Tangshan in Hebei, which often requires production cuts to fight against air pollution.

According to the statement, Jinxi has signed an investment contract with the Fangchenggang government. The project will be developed in two stages, with 5 million mt of capacity for each.

Steel

Capacity swap

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

August Steel Downstream Industry News

The "three red lines” refers to the 70% ceiling on liabilities to assets after excluding advance proceeds from projects sold on contract, 100% cap on net debt to equity, and cash to short-term borrowing ratio of at least one. One year after the introduction of the policy, the average asset-liability ratio and the average asset-liability ratio after excluding advance receipts at the top 100 real estate companies stood at 78.7% and 70.9%, respectively, which was a year-on-year decline of 0.7 percentage point and 0.9 percentage point.

Aug 31, 2021 11:48

Industry

Iron ore and steel news roundup

A roundup of the ferrous metals headlines of the week.

Jul 26, 2021 11:36

Industry

Steel prices to keep rangebound amid more production reduction and weaker demand

Futures and spot prices of ferrous metals fluctuated last week. The futures prices of coking coal and coke weakened amid looser control after July 1, while spot prices stood stable.

Jul 6, 2021 10:11

SMM Insight

Steel prices to keep rangebound amid more production reduction and weaker demand

Operating rates of blast furnaces across Chinese steelmakers fell 2.7 percentage points on week

Operating rates of blast furnaces at steel mills fell 2.7 percentage points from a week ago and decreased 3.8 percentage points from a month ago to 82.2% as of July 1, SMM survey showed.

Jul 2, 2021 10:01

Analysis

Operating rates of blast furnaces across Chinese steelmakers fell 2.7 percentage points on week

Daily crude steel output at CISA key mills rose 2.57% in mid-June

The China Iron and Steel Association (CISA) reported that crude steel output across major mills in China averaged 2.4 million mt per day in the second ten days of June, up 2.57% from early June and up 15.99% from the same period a year ago.

Jun 29, 2021 13:37

Analysis

Daily crude steel output at CISA key mills rose 2.57% in mid-June

Daily crude steel output at CISA key mills rose 2.15% in early June

The China Iron and Steel Association (CISA) reported that crude steel output across major mills in China averaged 2.34 million mt per day in the first ten days of June, up 2.15% from late May and up 13.33% from the same period a year ago.

Jun 29, 2021 10:35

Analysis

Daily crude steel output at CISA key mills rose 2.15% in early June

Steel prices to rise further amid a significant recovery in the manufacturing sector

Operating rates of blast furnaces (BFs) at Chinese steelmakers extended declines as decreased profits prompted steel mills to conduct maintenance.

Sep 3, 2020 13:46

SMM Insight

Steel prices to rise further amid a significant recovery in the manufacturing sector

Rebar prices underpinned by lower supply, eased impact of wet season

Rebar fundamentals are in recovery as supply declines and pressure from the rainy season on downstream demand eases. This, together with strength in rebar futures, will support spot rebar prices this week. The upsides room of prices, however, will be limited as overall stocks linger at high levels and demand in some Chinese regions remains depressed by rainy weather.

Jul 7, 2020 18:22

SMM Insight

Rebar prices underpinned by lower supply, eased impact of wet season

Daily crude steel output at CISA key mills in June rose 2.7% from month ago

The China Iron and Steel Association (CISA) reported Saturday that crude steel output across major mills in China averaged 2.14 million mt per day in the last 10 days of June, barely changed from the record high level seen in the middle of June.

Jul 6, 2020 13:30

Analysis

Daily crude steel output at CISA key mills in June rose 2.7% from month ago

China urges local governments to curb foundry capacity expansion

Local governments are also ordered to strictly check capacity swap plans

Jul 26, 2019 11:35

Industry

China urges local governments to curb foundry capacity expansion

SMM Events & Webinars

All

Oct
09
- NET ZERO EUROPE - Solar & Energy Storage Summit
  Oct 09 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia

Tangshan’s Jinxi Steel to move to south China

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit