Steel Production Capacity articles & resources on Made-in-China.com

China Promises Further Cuts to Steel Capacity

Mar 6, 2017

Numerical targets to reduce coal and steel production capacity have, for the first time, been set in the annual Chinese government work report. China will reduce steel production capacity this year by around 50 million metric tons and ...

Tags: Steel Capacity, Coal

China Makes Headway in Steel Capacity Cut

Aug 11, 2016

Efforts to reduce China's steel production overcapacity are forging ahead according to plan, the top economic planner said Wednesday. In a medium-term roundup of the drive, the National Development and Reform Commission (NDRC) said, in an ...

Tags: steel production, overcapacity

Chinese Steel Exports to Decline to 70-80 Mln Tons: Fitch

Dec 24, 2015

Rating agency Fitch predicts that China's annual steel exports are likely to fall to 70 to 80 million tons in the long term. Official data shows in 2014, China's steel exports reached 94 million tons. However, more steel production ...

Tags: Chinese Steel, Exports

Fitch: China Steel Production Capacity to Peak in 2016

Nov 20, 2015

China's steel production capacity is likely to peak in 2016 as capacity is eliminated, gradually outpacing additions, Fitch Ratings has predicted. The rating agency expects China's steel production capacity to increase to about 1.17 ...

Tags: steel production, Steel

Chinese Steelmakers Eyes on Overseas Markets

Nov 10, 2014

Although dwindling domestic demand and excess capacity have shrunk profit margins for most Chinese steelmakers, it has inspired some to tap overseas markets for sustained, long-term growth. Hebei Iron &Steel Co, China's second-largest ...

Tags: Chinese Steelmakers, Iron, Steel

ICH to Increase Its Steel Production in Line with New Energy Reform and Growth

Sep 17, 2014

Mexican steelmaker Industrias CH (ICH) expects to increase its steel production in line with new energy reform and growth in the automotive sector. Sergio González, chief financial officer of the company, said that the installed ...

Tags: Steel Production Capacity, automotive sector

Siemens to Supply RH Vacuum Degassing Plant for AHMSA

Jul 10, 2014

Austria-based plantmaker Siemens Metals Technologies has announced that it will supply a 150-ton, twin RH vacuum degassing plant for the Mexican steel producer Altos Hornos de Mexico (AHMSA). The new plant will be installed at AHMSA's ...

Tags: Metallurgy, Mineral, Energy

China Will Close Down 15m Mt/Year Outdated Iron-Making Capacity Before The End of 2015

May 30, 2014

China will close down 15 million mt/year outdated steel production capacity and 15 million mt/year outdated iron-making capacity before the end of 2015 in addition to capacities already specified for closure during the 12th Five Year Plan ...

Tags: Outdated Steel, steel production

Ovako Made a Decision Regarding The Bid Concerning The Assets of French Engineering

May 26, 2014

Sweden-based special steel producer Ovako has announced that the commercial court of Nanterre in France has made a decision regarding the bid concerning the assets of French engineering steel producer Ascometal in favor of the French ...

Tags: Bankrupt Ascometal

Gerdau Group Has Presented a Preliminary Proposal for Ascometal Acquisition

Apr 15, 2014

Brazil-based Gerdau Group has announced that it has presented a preliminary proposal for the acquisition of the French special steel producer Ascometal for €41.5 million. Ascometal has three steel plants located in Hagondange, Les ...

Tags: Gerdau Group, special steel

SMS Meer Has Announced That It Will Supply a Semi-Continuous Billet Mill for Formosa Ha

Mar 27, 2014

German plantmaker SMS Meer has announced that it will supply a semi-continuous billet mill for Formosa Ha Tinh Steel, the new integrated steel plant Taiwan-based Formosa Group is building in Ha Tinh Province, Vietnam. The produced billets ...

Tags: Formosa Ha, Billet Mill, plantmaker

In 2014 China Plans to Eliminate 27 Million Mt of Backward Steel Production Capacity

Mar 6, 2014

On March 5, Chinese Premier Li Keqiang delivered his government work report during the opening meeting of the second session of the 12th National People's Congress (NPC) in Beijing, stating that in 2014 China's GDP is expected to grow by ...

Tags: Steel Capacity, Mineral

The Government of Xinjiang Autonomous Region Is Committed to Eliminating 2.4 Million

Feb 28, 2014

The government of China's Xinjiang autonomous region has stated that it is committed to eliminating 2.4 million mt of backward steel capacity within two years and will not approve new projects in the steel industry, according to its program ...

Tags: resolving severe overcapacity, Xinjiang, Metallurgy, Mineral&Energy

Ten Steel Plants Are Being Set up in Indian State of Uttar Pradesh

Feb 13, 2014

According to the Indian government's Press Information Bureau, at the 24th meeting of the National Steel Consumers' Council, Minister of Steel Shri Beni Prasad Verma said that ten steel plants are being set up in Indian state of Uttar ...

Tags: steel industry, India's steel production capacity

The Reconstruction of Two Important Facilities Has Been Finished

Feb 11, 2014

Belarus-based Byelorussian Steel Works (BMZ) has stated that the reconstruction of two important facilities has been finished at its steel melting complex. The electrical-arc furnace No. 1 and the powder-gas catching aggregate No. 1 have ...

Tags: Steel Melting, Steel, Melting

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