SHANGHAI, Dec 7 (SMM) — This is a roundup of news in the steel industry for last week.
Baowu completes purchase of Chongqing Changshou Steel shares
Chongqing Steel, a subsidiary of China Chongqing Steel Group, announced that its controlling shareholder, Chongqing Changshou Steel completed a change in business registration on December 2. Chinese steel giant Baowu Group now holds 40% equity in Chongqing Changshou Steel, Sichuan Desheng Group Vanadium Titanium holds 35%, and Chongqing Strategic Emerging Industries Equity Investment Fund Partnership holds the remaining 25%. Baowu Group also indirectly holds 23.51% equity in Chongqing
Hebei Chengde Zhaofeng Iron & Steel have shut down in late November
As of November 29, the two 650 m³ blast furnaces and rolling mills of Chengde Zhaofeng Iron & Steel have been shut down. Hebei Chengde Zhaofeng Iron & Steel was established in September 2000 and is a private enterprise integrating iron ore mining, steel smelting and real estate development.
The capacity of Chengde Zhaofeng Iron & Steel will be transferred to Fangchenggang city, Guangxi Zhuang Autonomous Region, to build an intelligent section steel production base project for Fangchenggang Jinxi Section Steel Technology Co., Ltd., involving an iron making capacity of 1.48 million mt and a steelmaking capacity of 1.7 million mt.
Updates on steel mills' blast furnaces commissioning
- Baogang Steel Desheng #2 furnace at 1780 production line of hot rolling mill successfully commissioned on November 28, 2020. The commissioning of the production line will drive output of 120,000 mt in December.
- On the other hand, Chongqing Iron and Steel's No. 2 blast furnace (2500m³ ) is commissioned on November 30, suggesting the completion of the No.2 blast furnace, with output of 7,000 mt/day. Chongqing Iron & Steel's existing 4 blast furnaces are under operation, including three 2,500m³ BF and one 1.750m³ BF.
- Bensteel's Group No.5 blast furnace was commissioned on November 30, representing the capacity replacement project of the plate ironmaking plant under national required policy. This included a total investment of 1.24 billion yuan with annual output of 2.44 million mt, fuel ratio of 510 kg/mt and process energy consumption of 370 kg/mt. The BF of first generation and hot blast furnaces are energy saving, with a lifespan of 20 and 30 years respectively.
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