Liuzhou Steel to eliminate four blast furnaces in next two years

Monday, 26 July 2010 17:40:48 (GMT+2)

On July 23, Chen Yongnan, chairman of Chinese steel producer Guangxi Province-based Liuzhou Iron and Steel Group (Liuzhou Steel), announced that the company plans to eliminate four blast furnaces within the next two years, comprising a total steelmaking capacity of 2 million mt. The demolition process for Liuzhou Steel's No. 2 and No. 3 blast furnaces was officially launched on the date of the announcement.

Liuzhou Steel has a total of ten blast furnaces at its steel production facilities. In order to adhere to China's targets for energy savings and emissions reductions, Liuzhou Steel has decided to eliminate four blast furnaces within two years, including three blast furnaces of 425 cubic meters each and one blast furnace of 306 cubic meters.

Mr. Chen also stated that since 2006 Liuzhou Steel has invested a total of RMB 20 billion ($3 billion) in the upgrading and renovation of existing equipment. Meanwhile, it has also eliminated many outdated steelmaking capacities in the past few years, he added.

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