It is reported that Shanxi Economics and Information Committee made a detailed plan to adjust and revitalize its steel industry, which is an important tax payer and job supplier in the province.
Local business newspaper reported the province cap pig iron and crude steel outputs at 45 million tonne and 40 million tonne respectively by 2011.
The Committee said that by 2008, Shanxi has about 78 above designated scale steelmakers, posting sales income of CNY 165.2 billion which have pig iron capacity of 54 million tonne output of 27.82mt; crude steel capacity of 40 million tonne, output of 23.45 million tonne and steel product capacity of 26 million tonne output of 19.76 million tonne.
Next step, the province will move on to expand stainless capacity and quicken development of the product varieties, on the basis of Taigang’s existing stainless capacity. An international stainless production base is targeted to be made. On the meantime, the province purposes to make merger, acquisition, elimination, and upgrading to forge steel bases in Changzhi, Yuncheng, Linfen and Lvliang. It already has big steel complex such as Haixin Steel, Zhongyang Steel, Zhongyu Steel and Changzhi Steel in these places.
By promoting Taigang to take over Antai Steel and other smaller mills, the plan hopes to raise its capacity up to 70% of the province’s total.
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