Steel news

The heating season in North China has officially started, and the coal inventory of the whole society has steadily rebounded
Starting from November 16th, North China has entered the heating season, which also means that the annual peak of coal storage and consumption in winter has arrived. It is learned from the coal market that with the implementation of measures to increase production and ensure supply, the end-user coal inventory of the whole society has steadily increased. The data shows that as the supply of coal in the coal market has increased significantly, coal prices have gradually fallen. Since November, the price of 5,500 kcal thermal coal in Shanxi, Shaanxi, and Inner Mongolia has fallen below 900 yuan/ton.
National Energy Group is China’s largest coal producer, with coal production and sales accounting for approximately 17% of the country’s total. In the case of full capacity, the company undertook another 17.75 million tons of supply guarantee task. Coal enterprises in Shanxi, Shaanxi, and Inner Mongolia are the main coal producing areas in the country. Recently, in accordance with the requirements of the National Development and Reform Commission and other departments, the coal production capacity of these enterprises has been further released.
Recently, Maanshan Iron & Steel Co., Ltd. issued an announcement that the board of directors approved the new special steel project. The project will eliminate the company’s 4 60-ton converters and 2 Baosteel’s 2 40-ton electric arc furnaces (total crude steel production capacity of 4 million tons/year) and replace them with 2 150-ton converters (total crude steel production capacity of 4 million tons/year) . The production capacity is 3.2 million tons/year). Investment control target: construction investment of 8,457,110,000 yuan (excluding tax). Timetable: The first phase of the project includes a new 150-ton converter, two continuous casters (round billet, billet), a new high-quality wire and large coil production line, which is scheduled to be put into operation in June 2023; the second phase includes a new 150-ton converter , 1 bloom continuous caster, 1 medium rod rolling line and supporting finishing line are planned to be put into operation at the end of 2024.
All iron and steel enterprises must follow the requirements to ensure the completion of the first-stage crude steel production reduction target. At the same time, Class A steel companies must reduce emissions based on actual conditions; Class B and B steel companies suspend production of more than 30% (inclusive) of blast furnace capacity (calculated based on the number of blast furnaces); Class C steel companies suspend production of more than 50% (inclusive) of blast furnaces Production capacity (calculated based on the number of blast furnaces); Class D steel companies shut down blast furnaces.
During the “14th Five-Year Plan” period, Shandong will focus on building a steel industry ecology, promote the optimization and upgrading of the steel industry, promote the deep integration of the steel industry and the equipment manufacturing industry, and double the output value of steel. The finished product reaches the trillion yuan level. Our province encourages steel deep processing, the construction of manufacturing parks, the extension of industrial chains, and the construction of industrial clusters. Encourage the further development of special steel, steel for marine engineering, steel for rail transit, steel for white household appliances, steel for construction machinery, steel for petroleum and petrochemicals, etc., to promote the upgrading of bearings, gears, molds, and stainless steel. Iron and steel, marine engineering equipment, engineering machinery equipment, rail transit equipment, etc., to further improve the industrial chain, value chain and innovation chain, and provide a model for the transformation and upgrading of the steel industry in the whole province and even the whole country.

Post time: Nov-23-2021

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