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    Shougang Caofeidian New Steel Plant Put Into Operation In March This Year.

    2009/1/9 0:00:00 39

    China's first iron and steel enterprise that is truly independent in the sea will be formally put into operation in two months.

    Yesterday,

    Shougang

    Wang Qinghai, general manager of the company, revealed that

    Shougang

    The main steel industry for the relocation of Hebei Caofeidian and the construction of a new steel plant Shougang Jingtang company will be formally put into operation in March this year, the first phase output of 4 million 850 thousand tons of steel, and then gradually extended to 10 million tons of production scale.

    This is the first time that Shougang Caofeidian project has clearly announced the schedule for its production.

    Shougang Jingtang company

    Shougang

    Joint venture with Tanggang, Shougang accounted for 51% of the shares, Tang Gangzhan 49%, the total investment of 67 billion 731 million yuan.

    As early as last October, the No. 1 blast furnace of Shougang Jingtang company had been ignited and fired. It was originally planned to go into production at the end of last year, and it was delayed for three months. Speculation was made that the steel market has been in a sharp decline since the second half of last year.

    Wang said yesterday that the commissioning of the steel rolling system in March should be postponed to March this year.

    Gu Zhangfei, general manager of Shougang sales company, also revealed yesterday that because of the bad market environment, Shougang's old steel mill in Beijing began to reduce production from 15% to 20% last October, but now it has basically resumed production.

    "In January, the company has raised the price of steel and is expected to increase in February, but the situation in the first quarter is not yet sure, because the increase in pre steel prices is mainly due to the decline of the end users last year.

    Stock

    Now, we need replenishment. "

    "It's still too early to say that the steel market is getting warmer."

    Wang Qinghai also said that the policy of stimulating domestic demand has a certain stimulating effect, but the demand has not yet recovered obviously during the period of price fluctuation. This year, the competition in the steel market must be fierce.

    Editor: vivi

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