BEIC aims to meet TISCO's ferrochromium requirement

Chinese ferrochromium alloy and iron pellet producer Beicang Iron & Steel Incorporation Limited (BEIC) has announced that the company will make further ferrochromium alloy investments to meet the requirement of China's largest stainless steelmaker Taiyuan Iron & Steel Company (TISCO), which plans to increase its capacity to three million tons from the current one million tons within two years. TISCO produced 6.26 million mt of steel in 2006, with stainless steel accounting for one million mt. This figure was enough to make TISCO China's largest and the world's eighth largest stainless steelmaker. To realize such a high production level, TISCO consumes around 400,000 mt of ferrochromium per annum, and the requirement of the company is expected to exceed 600,000 mt per annum after the increase in its production capacity. BEIC currently produces 40,000 mt of ferrochromium alloy per annum. The company intends to enlarge its production capacity further, acccording to its CEO Mr. Hou Beicang, in order to meet TISCO's increasing demand. BEIC also produces 400,000 mt of iron pellets every year.