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Chinese Steel Mills Expanding Wings Overseas

Steel News - Published on Thu, 05 Dec 2019

Image Source: rfa.org
According to an analysis by S&P Global Platts, cash rich Chinese steel mills are expanding their footprints overseas to capitalize domestic steel demand in these countries and regions. The analysis puts this number at 57 million tonnes of crude steel capacity, with 14.2 million tonnes under operation and 42.7 million tonnes in pipeline. SEA accounts for almost 80% share.

Currently Operating - Crude steel capacity
NameCountryCapacity
Malaysia-China Kuantan Industrial ParkMalaysia3.5
Tsingshan Holding GroupIndonesia3.0
Kunming I8SVietnam0.5
Yaxin SteelPakistan0.5
Jiangsu Huaiye Science and Technology Development CoUzbekistan0.3
Hebei Jingye Iron & SteelUK3.0
Hebei Iron & SteelMacedonia1.2
Hebei Iron & SteelSerbia2.2
 

In million tonnes
Source: S&P Global Platts

In Pipeline - Crude steel capacity
NameCountryCapacity
Wen'an Iron & SteelMalaysia10.0
Dexin Steel IndonesiaIndonesia3.5
Hebei Iron & SteelPhilippines8.0
Panhua GroupPhilippines10.0
Kunming Iron & SteelMyanmar4.0
Kunming Iron & SteelBangladesh2.7
Jiangsu Huaiye Science and Technology Development CoUzbekistan0.5
Taiyuan Iron & Steel GroupSouth Africa3.0
Tsingshan Holding GroupZimbabwe1.0
 

In million tonnes
Source: S&P Global Platts

Source :

Posted By : Rabi Wangkhem on Thu, 05 Dec 2019
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