Welcome to the Evergrowing Resources Co., Limited website!
Service hotline: 0086-13951964778

Top 10 Steel Industy News of 2020

Date: 2021-01-05
Views: 8

Source: My steel 

As the year of 2020 comes to an end, China's economy has been the first to recover from the COVID-19 epidemic, which has effectively boosted domestic steel consumption growth. Steel prices have risen to the highest level this year. In this year, the steel industry accelerated transformation and upgrading, enterprise merger and reorganization attracted attention, xiaobian special comb the steel industry in 2020 ten news.

First, the Ministry of Industry and Information Technology issued the revised Opinions on the Implementation Measures for Replacing Steel Production Capacity

On January 23, the National Development and Reform Commission, Ministry of Industry and Information Technology jointly issued by the 'about perfecting the steel production capacity of displacement and the project filing work notice (change hair [2020] no. 19), suspension of the public announcement, new steel capacity replacement plan and record new steel projects, urged all localities comprehensive carding filing steel production capacity of the project since 2016, and to carry out the self-check.

On July 24, the Ministry of Industry and Information Technology (MIIT) issued the revised guidelines for the Implementation of Steel Capacity replacement, in which the equivalent replacement means that the construction capacity is equal to the withdrawal capacity. Reduction replacement means that the construction capacity is less than the output capacity; The replacement ratio refers to the ratio between the output capacity and the construction capacity.

On December 16, the Ministry of Industry and Information Technology (MIIT) announced that it had revised the Implementation Measures for Capacity Replacement in the Iron and Steel Industry, and formed the Implementation Measures for Capacity replacement in the Iron and Steel Industry (Draft for Comments), and solicited public opinions from all sectors of society.

Second, the Ministry of Finance on raising the export tax rebate rate of some products

On March 17, the Ministry of Finance and the State Administration of Taxation announced that from March 20, 2020, the export tax rebate rate of some steel products will rise to 13%. Steel products are alloy steel powder, galvanized iron or non-alloy steel wire, hot rolled stainless steel strip thickness ≥4.75mm (except hot rolled without further processing, width < 600mm), etc.

Third, the battle to protect the blue sky at the end of the air pollution prevention and control sprint

On June 29, the ecological environment ministry issued the heavy pollution of the key industries weather emergency mitigation measures for technical guidelines (revised in 2020), during the period of heavy pollution weather warning, environmental protection performance of advanced enterprise, can be reduced or remitted according to the emergency mitigation measures, so as to encourage the 'advanced', push 'junior', promote the development of the industry with high quality.

On October 29, the beijing-tianjin-hebei and surrounding areas of nutrient-laden plain during 2020-2021 action plan for comprehensive control of air pollution in the fall and winter of engines, and before the end of December 2020, strive to complete 200 million tons of steel production capacity ultra-low emissions, among them, completing 12 million tons, 110 million tons, tianjin, hebei province, shandong province completing 13 million tons, 40 million tons of henan province, Shanxi Province, completing 6 million tons 20 million tons, shaanxi province, the provincial (city) set up at least 1-2 steel ultra low emission reconstruction demonstration enterprises, leading leading role play area.

On October 29, the Action Plan for Tackling Air Pollution in the Autumn and Winter 2020-2021 in the Yangtze River Delta was published. By the end of December 2020, we will strive to basically complete the transformation of around 60% of our production capacity to ultra-low emissions, and Shanghai will complete the transformation of three 600-square-meter sintering machines of Baowwu Group and 5.53 million tons of coke production capacity to ultra-low emissions. Jiangsu province completed 90 million tons, Zhejiang Province 5.6 million tons, and Anhui Province 6.7 million tons of ultra-low emission transformation of crude steel production capacity.

Fourth, China is transforming its 610 million tons of crude steel capacity into ultra-low emissions

On October 26, Liu Bingjiang, director of the Atmospheric environment Department under the Ministry of Ecology and Environment, said in Beijing that China's steel industry has made more progress than expected in upgrading its ultra-low emissions. The country's 228 steel enterprises are now upgrading their crude steel production capacity to 610 million tons.

Fifth, the World Iron and Steel Association predicts that global steel demand will shrink by -2.4% by 2020

In 2020, the rapid outbreak and continuous fermentation of COVID-19 has had an unprecedented severe impact on the production and operation of the global steel industry. On October 15, the World Iron and Steel Association forecast that global steel demand would shrink by 2.4% in 2020 to 1.725.1 billion tons. In 2021, global steel demand is expected to recover to 1,795.1 million tons, with a year-on-year growth of 4.1%.

Sixth, General Secretary Xi Jinping inspected steel enterprises

On May 12, General Secretary Xi Jinping paid an inspection visit to Baowu Taiyuan Iron and Steel Co., Ltd. to learn about the transformation and upgrading of traditional manufacturing industry and the resumption of production. He encouraged Taiyuan Iron and Steel Co., Ltd. to 'make persistent efforts in scientific and technological innovation, scale new heights, and make new and greater strides in supporting the development of advanced manufacturing industry'.

On August 19, General Secretary Xi Jinping made an investigation in Maanshan, Anhui Province. He first came to The Xuejiawa Ecological Park to inspect the water situation of the Yangtze River, the comprehensive improvement of its shoreline and the ecological environment protection and restoration. Later, Xi jinping went to the workshop of Baowu Masteel Group to learn about the resumption of production and operation of the company.

Seventh, China Baowu further promoted the merger and reorganization

On August 21, Shanxi Province State-owned Capital Operation Co., Ltd. signed the equity transfer agreement of Taiyuan Iron and Steel (Group) Co., Ltd. with China Baowu, transferring 51% of the equity of Taiyuan Iron and Steel Group Co., Ltd. to China Baowu for free.

On September 17, Chongqing Iron and Steel Co., Ltd. issued the Advisory Notice on The Change of Shareholders' Equity and change of actual controller, which changed the actual controller from Siyuanhe Equity Investment Management Co., Ltd. to China Baowu Iron and Steel Group Co., LTD. By 2020, China's Baowu crude steel production will exceed 100 million tons, becoming the world's largest steel enterprise.

Eighth, China's crude steel output exceeded 1 billion tons for the first time

From January to October, China's crude steel output reached 874 million tons, up 5.5% year on year. The daily output of crude steel is 2.865 million tons, and the annual output of crude steel is 1.04 billion tons. It is expected that in 2020, China's crude steel output will exceed 1 billion tons for the first time, and the steel consumption will reach more than 970 million tons, both reaching a new record high, becoming the first country in the world whose crude steel output exceeds 1 billion tons.

Iron ore import prices hit an eight-year high

From January to November, China imported 1.073 billion tons of iron ore, up 10.9% year on year, exceeding 1 billion tons for five consecutive years. Imports totaled us $107.2 billion, up 16.2 percent year on year. The average import price for iron ore is about $100 a ton.

At 11am on December 11, the main contract for iron ore futures rose above the 1000 yuan/ton mark, its highest level since listing.

Tenth, 'recycled iron and steel raw Materials' national standards through examination and approval

The national standard for recycled steel raw Materials was approved on Nov. 29, and is expected to be released by the end of 2020.

According to the 'recycled iron and steel Raw materials' national standard compilation group introduced, recycled iron and steel raw materials are waste iron and steel after classified recovery and processing treatment, can be used as iron resources directly into the furnace charge products. Compared with the use of iron ore, the use of recycled steel raw materials to make steel can significantly reduce pollutant emissions. Therefore, recycled iron and steel raw material is not only a renewable resource, but also the only iron resource that can replace iron ore. It is an important raw material for the green development of iron and steel industry.

Related Suggestion / Hot News
2024 - 07 - 23
点击次数: 5
Source: Lange Steel Network In the first half of this year, China's steel exports showed strong growth. According to customs statistics, China exported 53.4 million tons of steel from Ja...
2024 - 07 - 16
点击次数: 5
Source: China Steel News At the 3rd Opportunities and Challenges of Amorphous Alloy Materials in the Development of Power Electronics Industry held recently, Zhang Hua, Secretary General of the A...
2024 - 07 - 11
点击次数: 14
Source: China Metal Bulletin The global economy has witnessed periods of recession, posing significant challenges to various industries, and the steel sector is no exception. However, the steel i...
Copyright ©2019 - 2022 evergrowing resource co.,ltd 
Xiniuyun provides enterprise cloud services