Shougang Macheng Mining Obtains Safety Production License, Achieving Partial Production

Published: Apr 3, 2025 14:47
From the recent project promotion meeting for the Macheng project under the national "Iron Resource Development Plan" held by Shougang Mining, it was learned that after ten years of effort, Shougang Macheng Mining successfully obtained the safety production license on March 25, 2025, achieving partial production. Shougang Macheng Mining is located in Luannan County, Hebei Province, with a mining area of 10.08 square kilometers. It is a super-large Anshan-type sedimentary metamorphic iron ore deposit, with a resource reserve of 995 million mt and a total of 17 ore bodies. Upon completion and operation, the annual production of iron ore will reach 22 million mt.

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 to learn 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
[SMM Steel Market Flash] POSCO Targets 35%-40% Shareholder Return Based on Adjusted Net Income
Apr 30, 2026 22:29
[SMM Steel Market Flash] POSCO Targets 35%-40% Shareholder Return Based on Adjusted Net Income
Read More
[SMM Steel Market Flash] POSCO Targets 35%-40% Shareholder Return Based on Adjusted Net Income
[SMM Steel Market Flash] POSCO Targets 35%-40% Shareholder Return Based on Adjusted Net Income
According to POSCO’s Q1 2026 earnings call, the company has introduced its third interim shareholder return policy and shifted from a free-cash-flow-based approach to a more earnings-linked framework. The new policy targets a shareholder return ratio of 35%-40% of adjusted net profit attributable to controlling interests, to be delivered through a mix of cash dividends and share buybacks or cancellations. POSCO said the change is intended to improve payout visibility while balancing growth investment and shareholder returns.
Apr 30, 2026 22:29
[SMM Steel Market Flash] POSCO Says Middle East Tensions Continue to Squeeze Steel Margins
Apr 30, 2026 22:27
[SMM Steel Market Flash] POSCO Says Middle East Tensions Continue to Squeeze Steel Margins
Read More
[SMM Steel Market Flash] POSCO Says Middle East Tensions Continue to Squeeze Steel Margins
[SMM Steel Market Flash] POSCO Says Middle East Tensions Continue to Squeeze Steel Margins
According to POSCO’s Q1 2026 earnings call, the ongoing US-Iran conflict has pushed up FX, oil, LNG, and logistics costs, creating clear pressure on steel margins. The company said that although sales volumes, production, and utilization rates recovered sequentially, raw material sourcing costs remain elevated due to disruptions linked to the Middle East situation, and this cost pressure is expected to continue into the second quarter.
Apr 30, 2026 22:27
[SMM Hot Topic] HRC Prices Rose MoM in April, Expected to Fluctuate at Highs Before Mid-May
Apr 30, 2026 18:50
[SMM Hot Topic] HRC Prices Rose MoM in April, Expected to Fluctuate at Highs Before Mid-May
Read More
[SMM Hot Topic] HRC Prices Rose MoM in April, Expected to Fluctuate at Highs Before Mid-May
[SMM Hot Topic] HRC Prices Rose MoM in April, Expected to Fluctuate at Highs Before Mid-May
Apr 30, 2026 18:50
From the recent project promotion meeting for the Macheng project unde - Shanghai Metals Market (SMM)