Obsolete Chinese Induction Furnaces Relocating to Philippines

The Manila Standard reported that the Philippines has becoming China’s favorite dumping ground for an out dated induction furnace based steel
Obsolete Chinese Induction Furnaces Relocating to Philippines
Induction FurnacesColumbia Steel

The Manila Standard reported that the Philippines has becoming China’s favorite dumping ground for an out dated induction furnace based steel technology that China itself has banned in 2017. The country now has 13 induction furnace plants from just 5 in 2015, up from 200,000 tonnes over a million tonnes. The ASEAN Iron & Steel Council has expressed alarm over the unwanted transfer of technology. It said “Our main concern arising from the above development is that ASEAN is becoming a dumping ground for these obsolete and out dated machinery and equipment, which, because of their inherent technology limitations and constraints, could adversely impact the orderly development of the iron and steel industry in the region.”

China, which had over 600 induction furnace based steel mills with capacity of 120-140 million tonnes in 2017, imposed a blanket ban in April-May 2017. Many of such equipment’s have relocated to the Philippines, Indonesia, Malaysia and Thailand. The induction furnaces produce substandard & inconsistent quality steel products are environmentally unfriendly as they emit uncontrolled harmful gases and particulates and consume higher electrical energy than electric arc furnace

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