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Mar.29.2024 1USD=7.095RMB
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Five Chinese Steel Mills to Stop Production in September

https://en.steelhome.com [SteelHome] 2020-09-08 09:53:39

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I HBIS Group Tangsteel

HBIS Group Tangsteel is required to relocate during the thirteenth Five Year Plan. On August 31, one 3200m3 blast furnace and 2 bar production lines and one section steel production lines stopped production, then all the equipment in Tangsteel's old factory have shut down.

It was learned that 2050mm HRC Line in HBIS Group Yueting Steel has been in commissioning; one blast furnace is planned to be put into production in middle September and bar production lines will be put into production after October.

II HBIS Group Shisteel

According to the government’s requirements, main factory of HBIS Group Shisteel has to stop production by the end of September and new factory is scheduled to be put into production.

III Tianfeng Steel

Steel-making capacity is planned to be eliminated in September-end and it will source billet for the rolling lines. The billet output was around 5,000 tons per day.

IV Tianjin Metallurgy Group Zhasan Steel

As of late September, Tianjin Metallurgy Group Zhasan Steel will eliminate capacity, then billet output will be reduced by around 11,000 tons per day.

V Giant Heavy Industry

Giant Heavy Industry will eliminate capacity in late September, then billet output will decrease by around 3000 tons per day.

As hubs for billet production, the de-capacity of above mills will result in the billet shortage of around 15000-19000 tons in Tianjin.


(To contact the reporter on this story: nancy.bu@steelhome.cn or 0086-21-50585358 15955340612)
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