Guangdong Province-based Chinese steelmaker Shaogang Iron and Steel Co., a subsidiary of domestic steel giant Baosteel, has announced that currently it is using imported
iron ore pellets instead of
scrap for steel smelting.
Shaogang Steel stated that, through the application of
iron ore pellets in
steelmaking, its
production costs have decreased by RMB 20/mt ($3.15/mt). Meanwhile, oxygen
consumption has decreased by 210 m³per metric ton of steel produced.