December 02, 2008

Hebei Steel Group in H1 2008 produced 15.56 million tonnes of Steel Products

According to China local Metallurgical Industry Association, Hebei Iron & Steel Group has churned out 15.04 million tonnes of pig iron, 17.29 million tonnes of crude steel and 15.56 million tonnes of finished products in the first half of this year, up by 1.96 million tonnes, 2 million tonnes and 1.65 million tonnes respectively.

Hebei Iron & Steel Group also yielded 2.58 million tonnes of pig iron, 3.02 million tonnes of crude steel and 2.74 million tonnes of finished products in June. The steel group has reaped desirable outcome for product mix improvement amidst stable output growth. And produced 780,600 tonnes of extra heavy plate, 1.03 million tonnes of heavy plate and 246,000 tonnes of heavy sections in the time frame, up 111,500 tonnes, 67,300 tonne and 12,300 tonnes respectively over last year.

Hebei Steel Group, as a result of merger of Tangshan Steel Group and Handan Steel Group has officially started operations since the end of Jun. And the steel group's crude steel capacity has reached 31m tons per annum, overtaking that of Shanghai-based giant Baosteel and accounting for 29% of Hebei's total crude steel output.

Local Metallurgical Industry Association predicts the group's crude steel capacity would reach 35 million tonnes for this year.

(Sourced from MySteel.net)