Posted on 24 Aug 2021
The followings are the news round-up in the Chinese iron ore market in the week ended August 20, 2021.
Tangshan to impose differentiated production cuts and suspensions on steel enterprises
Recently, the Tangshan Air Pollution Prevention and Control Office issued the draft “2022 Tangshan Air Quality Assurance Implementation Plan for Beijing Winter Olympics and Winter Paralympic Games”, which proposes to implement differentiated production cuts and suspensions on blast furnaces as well as auxiliary coking facilities and lime kilns at steel enterprises. The programme will be effective from the issuing date until March 13, 2022.
Category B and C steel mills are subject to 30%-50% production cut on their blast furnaces, while Category D steel mills must shut down their blast furnaces. Tangshan plans to reduce crude steel production by 12.37 million mt in 2021 and enterprises who are mandated to cut crude steel production must not increase output before March 13, 2022. Blast furnaces below 1,000 cubic meters and converters below 100 mt must be shut down. Vehicles below national stage V emission standards and heavy-duty trucks are prohibited from entering and exiting the region.
Ningbo Iron & Steel to commission 2,500 m³ blast furnace on October 30
Ningbo Iron & Steel is scheduled to put its No.2 2,500 m³ blast furnace into operation on October 30 following technical transformation and upgrading. The blast furnace has a designed annual output of 2.13 million mt of pig iron. The hot-blast stove is about to undergo shakedown test soon to prepare for the commissioning of the blast furnace.
The State-owned Assets Supervision and Administration Commission of Liaoning Province to transfer 51% equity in Ben Gang Group to Ansteel Group for free
The State-owned Assets Supervision and Administration Commission of Liaoning Province will transfer 51% of equity that it holds in Ben Gang Group to Ansteel Group for free following approval from the State Council to restructure Ben Gang Group.
Chairman of Ansteel Group said earlier that Ansteel Group will focus on quality and efficiency improvement, and reducing emissions and energy consumption during the “14th Five-Year Plan” period (2021-2025). Ansteel Group has set a goal of 70 million mt of crude steel output, 50 million mt of iron ore concentrate output, 300 billion yuan of revenues and 10 billion yuan of profit during 2021-2025.
Source:SMM News
