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Company «Tangshan Iron and Steel» is going to increase production volumes

17 November 2015

The Chinese company «TangshanIronandSteel» is part of the steel group «Hebei Iron & Steel». It is the largest in China's metallurgical concern. «TangshanIronandSteel» plans to expand production. In this regard we have been ordered 2e continuous hot dip galvanizing line. Their combined annual production capacity is 670 000 tonnes. The supplier of equipment is Austrian company Andritz. Austrian company representatives provided information regarding the products that will be produced by the equipment. The lines are designed for production of high-quality high-strength steel. The thickness of the produced metal bands 0,18−3 mm. Their width will be 850−1600mm. Scope of products — automotive sector.

The new facility will be located on the territory of «TangshanIronandSteel» core businesses. Its commissioning is scheduled for 2017 Ikvartal. This is not the first experience of cooperation between Chinese and Austrian companies. The year before, «TangshanIronandSteel» ordered line continuous hot dip galvanizing and annealing. Their installation and start of operation occurred in Ipolovinu 2015.

It should be noted that the oversupply in China is still here steel products. This metallurgical enterprises develop and implement new projects. Production facilities are aimed at developing high-quality products with high added value. In October, the company Shandong Iron and Steel Rizhao was ordered equipment for a complete set of rolling complex. Supplier of modern technology has become the German company SMS group. An interesting fact is that the Chinese leaders-manufacturers prefer services of European OEMs. At the same time China has its own industry for the production of equipment for the steel industry.

Meanwhile, CISA, experts predict a decline in steel output in 2015−2016. This is not surprising, given the drop in domestic demand. Accordingly, the cost of steel production will inevitably decline. The relative recovery analysts promise in 2017. But then scheduled another round of recession. As a result, in 2020 the production of steel in China will reach about 780 million. Tons. Compared to the year 2014 when the volume of smelting totaled 822.7 million. Tons, a decrease will reach 5%.

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