The Department of Industry and Information Technology of China’s Shandong Province has issued the capacity replacement details relating to two new 1,750 cubic meters blast furnaces, one 3,070 cubic meters blast furnace, two new 137 mt converters and one 250 mt converter to be built by Shandong Steel Group’s subsidiary Yongfeng Lingang Iron and Steel Co., Ltd. in Linyi City, Shandong, which represent a total of 5.5573 million mt of iron-smelting capacity and 5.3833 million mt of steelmaking capacity. The construction of the blast furnaces and converters will start in 2019 and will be put into operation in 2022.
The iron-smelting capacities to be eliminated include 1.22 million mt from Shandong Steel Group subsidiary Yongfeng Zibo Iron and Steel and 4.36 million mt from Shandong-based Laiwu Steel subsidiary Yongfeng Iron and Steel, while the steelmaking capacities to be eliminated include 2.7 million mt from Yongfeng Zibo Iron and Steel and 2.7 million mt from Yongfeng Iron and Steel.