The production capacities of WISCO's 90-ton converter and Baosteel Special Steel's 60-ton electric furnace would be transferred according to relevant policies on overcapacity resolution and capacity transfer of the steel industry after the approval of the State Council
.Asian Metal Copyright
Baoshan District, Shanghai City
Electric furnace
60
Ton
1
14
Steelmaking capacity of 360,000 tons; 220,000 tons were used in March 2022
Total
1.
Asian Metal Copyright The publicity period of the announcement is from May 25 to June 22, 2022.
Capacity Transfer Plan
| Transfer
|
| Province/City
|
Name
|
Address
|
Equipment Information
|
Note
|
| Type
|
Model
|
Unit
|
Quantity
|
Capacity transferred (10ktpy)
|
| Hubei
|
WISCO
|
Qingshan District, Wuhan City, Hubei Province
|
Converter
|
90
|
Ton
|
1
|
102
|
Steelmaking capacity of 1.05 million tons; 2 million tons were used in March 2019; transfer 1.02 million tons this time
|
| Shanghai
|
Baosteel Special Steel Co., Ltd.
|
Baoshan District, Shanghai City
|
Electric furnace
|
60
|
Ton
|
1
|
14
|
Steelmaking capacity of 360,000 tons; 220,000 tons were used in March 2022
|
| Total
|
1.16 million tons
|
|
| Transferee
|
| No.
|
Province
|
Name
|
Address
|
New project
|
Acquired capacity (10kt)
|
|
| 1
|
Shandong
|
Shandong Xinhai Industrial Co., Ltd.
|
Lingang Economic Development Zone, Linyi City
|
1.62Mtpy stainless steel project (phase I)
|
1.16 million tons
|
|
Note: Shandong Xinhai Industrial Co., Ltd. plans to become a subsidiary of TICSO
.Asian Metal Copyright The publicity period of the announcement is from May 25 to June 22, 2022Asian Metal Copyright
