China aims to slash steel production capacity by around 50 million tonnes and coal by at least 150 million tonnes this year, a key part of the country's supplyside reform. A ban on inferior steel products and the closure of "zombie enterprises," firms with surplus capacity, are priorities in the excess capacity reduction drive, the statement said.
Sep 10, 2014· Steel producer ThyssenKrupp is having Europe's biggest blast furnace modernized. That's essential every twenty years. Engineer Rainer Klock and his .
A stateoftheart steel mill in Zhanjiang has helped transform the industry in China after switching to highend production. Six years ago, one of the major players in the sector, Baosteel ...
Elsewhere in Asia, CNOOC in China is developing its first selfoperated Lingshui 172 deep water gas field in the South China Sea, which will also see the construction of an offshore pipeline that links existing transmission networks. CNOOC has issued international tenders for the project, which requires around 30kt of LSAW linepipe.
Apr 13, 2016· Arrium's collapse highlights the downside of overreliance on an industry which is at the mercy of global markets. Last week, Arrium, one of the two dominant steel manufacturers in Australia ...
Oct 22, 2019· Steel (raw materials): cheapest types of iron ore remain popular. The price of iron ore (% iron content) has risen by around 17% in the year to date. A dam burst in Brazil caused a major supply disruption in January this year. The price of iron ore increased sharply, which caused much of the margins achieved by steel mills to evaporate.
Donghai Steel Group in Tangshan city in North China's Hebei province, is planning to build a new 4 million tonne/year electric arc furnacebased steel mill in South China's Guangdong province, a company official confirmed on Tuesday.
Once that last mill closes, what happens when the Navy needs 65,000 tons of steel to build an aircraft carrier that might one day patrol the South China Sea? Now that will be really inconvenient. Thomas J. Gibson . President and CEO . American Iron and Steel Institute . Washington, DC
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Iron ore price buoyed as China demand picks up Financial . Jul 14, 2017 · Big iron ore suppliers in Australia, Brazil and South Africa could benefit if China sustains its purchases in the second half China's steel mills have cranked up production this year in an . Get Price
Jul 24, 2017· Li Xinchuang, vicepresident of the China Iron and Steel Association, told the South China Morning Post in an interview that if Washington imposed additional tariffs on Chinese steel, that country ...
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