Shanxi Iron and Steel Enterprise Transformation and Upgrading Plan in 2022

SHANGHAI, Mar 25 (SMM) - At present, there are 24 iron and steel joint enterprises in Shanxi, China. In 2021, the pig iron output was 59.884 million mt, a year-on-year decrease of 1.6%; Crude steel output was 67.407 million mt, up 1.6% year-on-year; The output of steel products was 61.739 million mt, which was basically the same as that of the previous year.

In 2022, Shanxi provided enterprise-entry services to 24 iron and steel enterprises in Shanxi, focusing on promoting the construction of 67 projects such as capacity replacement, energy-saving renovation and ultra-low emission, with a total investment of 76.14 billion yuan, and the estimated investment in 2022 is 25.8 billion yuan.

Promoting equipment upgrading and transformation: Steel mills will speed up the formulation of an implementation plan for upgrading and transformation of restricted process equipment, and orderly promote the upgrading and transformation of process equipment such as blast furnace below 1200 cubic metres, sintering machine below 180 square metres, converter (electric furnace) below 100 mt, alloy electric furnace below 50 mt, restricted pelletizing equipment, etc. In 2022, Shanxi will focus on promoting the capacity reduction and replacement projects of 1×1300 cubic metre blast furnace and 1×100 mt converter in Huaxinyuan Iron and Steel, 2×100 mt converter and 1×65 mt alloy electric furnace in Tongcai Industry and Trade, 1×155 mt converter in Zhongsheng Iron and Steel and 1×1350 cubic metre blast furnace in Hongda Iron and Steel, to realize the capacity replacement of 2.41 million mt of iron smelting and 5.58 million mt of steel smelting.

Promoting the merger and reorganisation of enterprises: Shanxi will promote the merger and reorganisation of iron and steel enterprises and the integration of stock capacity. It will focus on the integration of Xingyuan iron and steel production capacity in Jinnan Iron and Steel Co., Ltd. according to the principle of marketization and rule of law, and actively promote the integration plan of five iron and steel enterprises in Changzhi before the end of 2022. Besides, Shanxi will focus on promoting the integration and reorganisation of iron and steel enterprises inside and outside Shanxi by Baowu Taigang, Jingang Group, Jinnan Iron and Steel, Jinyun Iron and Steel and Meijin Iron and Steel. What’s more, Shanxi will actively guide iron and steel enterprises to carry out mergers and acquisitions with upstream and downstream companies such as coking, mining, pelletizing, equipment manufacturing, construction, etc., so as to realise the circular development of energy conservation and carbon reduction.

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