Baosteel Group Zhanjiang Iron & Steel Co., Ltd.

 

The base project of the Baosteel Group Zhanjiang Iron & Steel Co., Ltd (Hereinafter referred to as ‘Zhanjiang Steel’) is invested and constructed by Baosteel Group. The construction of the project will take the advantages of Zhanjiang Natural Deep Water Port, construct the raw materials terminal, raw materials yard, self-provided power plant, sintering machine, coke oven and blast furnace equipment to produce low cost melted iron. Zhanjiang Steel constructs converter steelmaking and continuous casting project to obtain high quality of continuous casting billet. It also constructs the hot strip mills and cold rolling project in the rolling unit. Zhanjiang Steel accomplished total assets of RMB 12.081 billion, net assets of 6.094 RMB billion by the December 31, 2012.

This project will construct the iron and steel base with annual output of thousand tons of iron and steel in accordance with the principle of a planning and step-by-step implementation. It has been formally started on May 31, 2012 and is planned to be totally completed and put into operation in 2015-2016. The southern China is the target market and the SouthEast Asia is also covered in this project to meet the demand of the market of high-end carbon steel plate products. It is estimated that the steel base can reach an annual output of 8.23 million tons of melted iron, 8.928 million tons of molten steel and 8.928 million tons of rolled steel. The primary types include hot rolled plate, cold rolled sheet, hot galvanized plate and lenient plate and so on. Meanwhile, it has the ability of hot rolled ultra-high strength steel production capacity for automobiles, home appliances, construction, shipbuilding and other industries.

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