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Bayi Steel to double its current steel production capacity
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Monday, 19 Nov 2012
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It is reported that Xinjiang Uyghur Autonomous Region based Chinese steel producer Bayi Iron and Steel, subsidiary of Chinese steel giant Baosteel Group, plans to more than double its current steel production capacity of 7 million tonnes per annum in the northwestern region of Xinjiang by 2015.

According to the announcement of Siemens Metals Technologies, Bayi Steel's hot metal production is to be increased with the addition of plants using Corex technology. Baosteel's two Corex plants in Shanghai, which were supplied by Siemens Metals Technologies, have an annual capacity of 1.5 million tonnes each. The two plants will be dismantled and reassembled at Bayi Steel's facilities in Xinjiang. The first Corex plant is scheduled to go into operation at the end of 2014, with the second one due to be commissioned one year later.

Due to declining prices for heavy plate and as part of a strategic realignment of production in the Shanghai area, Baosteel has decided to suspend steel production at its Luojing works and to dismantle the individual steelmaking installations, including the two Corex plants.

Source - Visit www.steelorbis.com for more

(www.steelguru.com)

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