Capacity replacement details issued for Yangroup Lianxin Steel’s BF

Thursday, 11 April 2019 11:51:57 (GMT+3)   |   Shanghai
       

The Department of Industry and Information Technology of China’s Jiangsu Province has issued the capacity replacement details relating to a new 1,080 cubic meter blast furnace (BF) being built by Jiangsu-based Yangroup Lianxin Steel at Dafeng port, Jiangsu. The capacities to be eliminated include one 1,280 cubic meter blast furnace and one 450 cubic meter blast furnace belonging to Jiangsu-based Niutoushan Casting Co., Ltd. Meanwhile, construction work on the new blast furnace began in January this year, while production operations at the blast furnace are due to start in April of the current year. 

The new furnace will have an annual iron-smelting capacity of 1.04 million mt, replacing the two abovementioned blast furnaces which had a total annual iron-smelting capacity of 1.73 million mt. The remaining 0.344 million mt of iron-smelting capacity will be used by the steelmaker at a future date.


Similar articles

Asian wire rod prices increase, outlook also positive thanks to China

18 Apr | Longs and Billet

Tradable import billet prices fail to improve in SE Asia, demand focused on traders taking positions

18 Apr | Longs and Billet

Chinese HDG export prices rise amid hikes in local and futures prices

18 Apr | Flats and Slab

Local Chinese scrap prices increase, demand recovery limited

17 Apr | Scrap & Raw Materials

Ex-ASEAN deal prices increase amid stronger China, demand mostly from MENA

16 Apr | Longs and Billet

Ex-China HRC prices relatively stable but with some upward bias amid improved mood locally

16 Apr | Flats and Slab

Ex-ASEAN rebar prices may bottom up as China attempts increases

12 Apr | Longs and Billet

Import HRC prices in Vietnam edge up amid Chinese hikes

10 Apr | Flats and Slab

Asian billet market start to rebound, but activity limited due to holidays

10 Apr | Longs and Billet

Ex-China HRC prices mainly stable from mills but with some upward bias amid recovery in futures prices

09 Apr | Flats and Slab