A summary of news in the steel industry chain

SHANGHAI, Sep 21 (SMM) — This is a roundup of news in the steel industry chain last week. 

Xintian Steel Group Zhasan Iron & Steel has shut down completely

Xintian Steel Group Zhasan Iron & Steel was required to eliminate all of its capacity to comply with Tianjin’s steel industry policies following the issuance of Work Plan to Fight and Prevent Pollution in 2019 on July 3, 2018.

As of September 17, 2020, Zhasan Iron & Steel has shut down completely, resulting in a daily loss of 8,000 mt of pig iron output. The mill mainly produced steel billets and had two 1,260 m³ blast furnaces and two 120 mt converters, with annual steel capacity of 3 million mt.

Tianjin Tianfeng Iron & Steel shut blast furnaces completely, but likely to resume rolling lines

Tianjin Tianfeng Iron & Steel has closed shut down all of its blast furnaces as of September 14, affecting daily output of 5,000 mt of pig iron and 5,000 mt of hot-rolled steel strip. The mill has a 580 m³ blast furnace and a 630 m³ blast furnace, with annual pig iron capacity of 1.4 million mt, annual steel capacity of 2.2 million mt, and annual steel product capacity of 2 million mt. The mill might bring back its steel strip rolling line online in the future.  

Zhongjiu iron ore mine commenced construction of beneficiation project

Zhongjiu iron ore mine has commenced construction of its beneficiation project after securing all the necessary approvals, including project registration, safety and environmental protection assessment, since it obtained exploration rights in 2004. The mine has 64.54 million mt of iron ore resources and a total investment of 947.67 million yuan. It has a ROM capacity of 2 million mt/year and iron ore concentrate capacity of 800,000 mt/year with Fe grade of 66%. It will provide high-quality iron ore to Baowu Group following its acquisition of Masteel Group.

China Baowu Group expands to take over Chongqing Iron & Steel

China Baowu Steel Group, the country's top steelmaker, had sealed agreement to take control of Chongqing Iron & Steel Co Ltd  to expand its territory after buying Maanshan Iron & Steel and stainless steel maker TISCO. The steel giant signed agreement to get 40% stake in Chongqing Iron & Steel's controlling shareholder which is worth 1.6 billion yuan of its registered capital, according to a filing to the Shanghai Stock Exchange. Baowu will replace Four Rivers Investment as the owner of Chongqing Iron & Steel, with 2.1 billion shares, or 23.51% stake indirectly held in the southwestern steelmaker, according to the filing.

Daily output of steel billets of Tianjin Zhasan Iron & Steel fell 11,000 mt following closures of all of its blast furnaces

All the blast furnaces of Tianjin Zhasan Iron & Steel have ceased production as of September 17. The mill has two blast furnaces with 1,260 m3 and 2 converters with 120 mt. The steel mill mainly produces steel billets and construction steel and has a steel production capacity of 3 million mt/yr. Daily output of steel billets are expected to decline 11,000 mt amid suspension of production.