Dongshao Plant of Ansteel Mining solves scrap materials recycling problems

Published: Jun 5, 2023 11:45
In order to reduce production costs, Dongshao Plant of Ansteel Mining reduced the demand for high-cost iron ore concentrates by recycling scrap materials from stockyards.

In order to reduce production costs, Dongshao Plant of Ansteel Mining reduced the demand for high-cost iron ore concentrates by recycling scrap materials from stockyards.

Since the beginning of this year, the factory has recycled more than 1,000 mt of scrap materials, and reduced costs by about 1 million yuan. At present, the proportion of scrap materials accounts for 20% of the raw materials for sintering and roasting.

More popular news:

Commodity Price Bubble Finally Burst, but Metals Demand Will Surge

SMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore Skyrocketed

SMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke Surged

SMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV Development

Commerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024

Glencore to Massively Expand Copper Capacity

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[Al Yamamah Steel's Subsidiary Secures SAR 500 Million in Financing for Steel Billet Production Plant]
5 mins ago
[Al Yamamah Steel's Subsidiary Secures SAR 500 Million in Financing for Steel Billet Production Plant]
Read More
[Al Yamamah Steel's Subsidiary Secures SAR 500 Million in Financing for Steel Billet Production Plant]
[Al Yamamah Steel's Subsidiary Secures SAR 500 Million in Financing for Steel Billet Production Plant]
Al Yamamah Steel Industries' subsidiary, Al Yamamah Company for Reinforcing Steel Bars, has signed a Shariah-compliant credit agreement worth SAR 500 million (approximately $133.3 million) with Arab National Bank to finance a planned steel billet production plant in Saudi Arabia. The seven-year financing is secured by a promissory note, with plant capacity and location details not yet disclosed. This follows a SAR 270 million contract signed with Italian equipment manufacturer Danieli in July for billet production equipment, part of Al Yamamah's push to expand its billet production capacity and production chain.
5 mins ago
[Krakatau Steel Continues Transformation, Ranks in Fortune Indonesia's 100 Biggest Companies]
8 mins ago
[Krakatau Steel Continues Transformation, Ranks in Fortune Indonesia's 100 Biggest Companies]
Read More
[Krakatau Steel Continues Transformation, Ranks in Fortune Indonesia's 100 Biggest Companies]
[Krakatau Steel Continues Transformation, Ranks in Fortune Indonesia's 100 Biggest Companies]
PT Krakatau Steel Tbk (KRAS)/Krakatau Steel Group continues its transformation agenda into 2026, booking revenue of USD 622.74 million (around IDR 11.15 trillion) — up 35.1% — and net profit of USD 10.94 million. The company also ranked 78th in the Fortune Indonesia: 100 Indonesia's Biggest Companies list, recognition tied to its ongoing transformation and fundamental improvements. President Director Akbar Djohan said the Fortune Indonesia 100 listing serves as both recognition and motivation to continue the transformation, noting that fundamental strengthening has also been supported by strategic shareholder measures via Danantara, including shareholder loans (PPS) and further restructuring agreements that have boosted liquidity and operational efficiency.
8 mins ago
[Shanghai Flood Control Headquarters Activates Level IV Flood and Typhoon Response for Central Urban Areas]
1 hour ago
[Shanghai Flood Control Headquarters Activates Level IV Flood and Typhoon Response for Central Urban Areas]
Read More
[Shanghai Flood Control Headquarters Activates Level IV Flood and Typhoon Response for Central Urban Areas]
[Shanghai Flood Control Headquarters Activates Level IV Flood and Typhoon Response for Central Urban Areas]
Short-duration intense rainfall with hourly precipitation of 0.03-0.05 meters is expected across most of Shanghai's central urban areas before midnight tonight. The Shanghai Meteorological Observatory issued a blue rainstorm warning signal for the central urban areas at 12:25 on September 2, 2026. The Shanghai Flood Control Headquarters decided to simultaneously activate the Level IV flood and typhoon response for the central urban areas.
1 hour ago
Dongshao Plant of Ansteel Mining solves scrap materials recycling problems - Shanghai Metals Market (SMM)