HBIS Company Limited, the listed subsidiary of major Chinese steelmaker Hebei Iron and Steel Group, announced on April 12 that the 2,922 cubic meter blast furnace No. 3 of Hegang Laoting Iron and Steel Co., Ltd was launched on April 10. On September 7, 2020, the 2,922 cubic meter blast furnace No. 1 of Laoting Iron and Steel was put into operation, while the 2,922 cubic meter BF No. 2 started production on November 17 last year. Accordingly, all three 2,922 cubic meter blast furnaces at the Laoting steel base are currently in operation, with an overall annual capacity of 7.32 million mt.
The pig iron, crude steel and finished steel capacities of Hegang Laoting, a wholly-owned subsidiary of HBIS, are expected to be 7.32 million mt, 7.47 million mt and 7.1 million mt per year, respectively. They were built within the scope of relocation of capacities from Tangshan.