August 22, 2008

Baosteel plans to build special seamless tube mill in 2009

It is reported that Baosteel is planning to build a special seamless steel pipe factory in 2009, with designed capacity of 23,000 tonnes per year at an estimated investment of USD 37.5 million in 2009.

As per report, once completed, the factory will make nickel alloy steel pipe, titanium alloy pipe, duplex stainless pipe and austenitic stainless pipe, to be used in domestic nuclear power stations, the oil prospecting, power and chemical industries.

Last year, Baosteel co funded a special steel pipe venture with Yinhui precision pipe co, which is able to produce 500 tonnes per year 690-U tube, with raw materials supplied by Baosteel.

Currently, Baosteel's special steel branch is capable of making 2000 tonnes special seamless pipe per year, while it has a scheme to raise total special steel pipe capacity to 1.5 million tonnes per year by 2012, representing a over 50% jump.