December 03, 2008
CSC board approves 5 major projects
During the 5th meeting of the 13th board of directors of China Steel Corporation held on March 19th 2008 at Kaohsiung following major projects were approved
1. Revamp of No 1 hot strip mill
“In order to develop high strength and high grade steels, CSC will revamp and remold its No.1 hot strip mill. The project will commence in April 2008 and is scheduled for completion in June 2012. In addition to the improvement equipment functions, this project will be able to increase 230,000 tonnes of hot rolled steel products annually.”
2. Setup of the Steel Material Logistics Center
“CSC has begun to push its Double 2000 Project since December 2006. It will invest TWD 200 billion within five years to increase CSC Group’s annual production up to 20 million tonnes. In the coming future, the salable volume of steel products will be largely increased and will cause the storage capacity of CSC’s warehouse inadequate. Since the available land in CSC’s plant site has been saturated, CSC needs to find a suitable place to set up a logistics center for storing its steel products. After scrupulous evaluation, CSC has selected a land of 34 acres at the Sin Yuan Ranch of Taiwan Sugar Corporation, Lujhu Township, Kaohsiung County. CSC plans to build eight warehouses six for storing steel products and two for spare parts. The project will commence in April 2008 and is scheduled for completion in March 2011.”
3. Addition of unit No 10 at the oxygen plant
“The oxygen plant provides blast furnaces and basic oxygen furnaces with needed oxygen for making molten iron and liquid steel. Since No 1 and 4 blast furnaces will enlarge their furnace shells and inner volumes when completing their campaign revamps in 2011 and 2013 respectively, CSC has to invest to build an additional unit No.10 at the oxygen plant with capacity of 1,500 tonnes of oxygen per day for sufficiently providing the blast furnaces. The project will commence in April 2008 and is scheduled for completion in July 2012.”
4. Revamp of hot stoves 11 to 13 and peripheral equipments on No 1 blast furnace
“When this project completes, No 1 blast furnace will be able to increase the efficient and high quality hot blast by lap parallel operation with other four additional hot stoves which has been completed since October 2006. This project will be conducive to the increase of molten iron production, the increase of pulverized coal injection volume, saving the consumption of coking coal and reducing air pollution. Other benefits include:
A. To reduce the purchase of natural gas owing to the use of self-produced low heat value blast furnace gas, downstream production lines may use the high heat value coke oven gas
B. To meet our commitment for reducing CO2 emission
C. To save energy and reduce waste.
The project will commence in April 2008 and is scheduled for completion in March 2012.”
5. Purchase of land and buildings of China Prosperity Development Corporation
“CSC is currently building a No 3 cold rolling line for satisfying the market needs of high-grade cold rolled products, enlarging the market share. Since the target land of China Prosperity Development Corporation is located at No 6, Mau Da Street bearing the concave corner site of No 3 cold rolling line, CSC purchases it for bettering the vehicles traffic, as well as for combining the land to shape a complete site and suitable area for No. 3 cold rolling line.”
