China Bans 11 Steel Mills from Operations, Issues Warning to 17 Others

According to latest reports, today China’s industry ministry said that it would remove 11 steel firms from a list of qualified enterprises, effectively banning them from operating, and ordered another 17 to rectify environmental, safety and other breaches or face the same fate.

The list of 11 disqualified mills, includes Xuzhou Dongya Iron and Steel and Guangdong Century Tsingshan Nickel Industry Co, which were identified by the Ministry of Industry and Information Technology (MIIT) as having illegally added new capacity, although being under bankruptcy liquidation processes or failing to obtain operating licenses from the local government.

The companies have time until Jan. 16, 2019, to register any objections to being removed from the list; otherwise, they will be banned from operating after that date.

Meanwhile, 17 companies including Jiangsu Shagang Group , a unit of top steel producer China Baowu Group, and HBIS Group's subsidiary in key steel hub Handan, will be given a limited, though unspecified, time to rectify problems uncovered that relate to safety, environmental and the capacity cutting mission, the MIIT said.

This action from China’s MIIT has come as the country aims to streamline its steel sector which is dealing with excess capacity (around 908 MnT at present) as well as also to improve its overall operating efficiency and control rising pollution levels.

In the past three years, China has removed 48 steel mills from the list of qualified enterprises, reducing the total number of registered steelmaking companies to 256, the ministry said in a statement.

However, the ministry plans to add 12 new companies in China's western and southern regions to the list of qualified enterprises, with a total ironmaking capacity of 21.86 MnT and steelmaking capacity of 22.12 MnT.

News No: 3023
Date: 2018/12/21 - 14:07
News Source: SteelMint

Steel Mills  Xuzhou Dongya Iron and Steel  Tsingshan Nickel Industry  MIIT 


Leave a Comment:


Imported Scrap Prices Inch Up in Recent Deals

SteelMint learned in recent conversation with market participants that Turkey-based steel mills have continued scrap booking at almost steady prices. Steel mills have initiated Feb shipment bookings in recent deals concluded. On increasing deals, price assessment has inched up marginally.

Imported Scrap Prices Fall in Recent US Deal Reported

SteelMint learned in recent conversation with market participants that Turkey-based steel mills have resumed scrap booking from the US after almost a six weeks' of silence. US origin HMS 1&2 prices moved down sharply by around USD 49-50/MT as against last the US deal reported on 23rd Nov'18.

China to step up crackdown on rare earth sector: ministry

China will step up efforts to eliminate illegal mining, production and smuggling of rare earth materials, while at the same time, encourage more high-end processing, the industry ministry said in new guidelines published on Friday.

South East Asian Scrap Prices Slide Marginally in Recent Deals

SteelMint learned from market participants that imported scrap markets in major South East Asian countries observed marginal slide in prices on overall dull sentiments. However, markets observed some demand on restocking ahead of New Year holidays. Some buyers kept eyeing for a further correction in the prices.

Turkey: Imported Scrap Prices Drop in Recent Deal

Turkey-based steel mills observed a fresh deal for European scrap as soon as they received the lower price from a supplier. Amid dull finish steel demand steel mills in Turkey were holding their buying price at lower side witnessing no significant deal concluded for past two weeks. However, recent deal heard pulled prices down by USD 5-7/MT further.

Is China’s Tangshan City Prepared to Meet New Emission Standard Deadline of 31 Oct’18?

China is fighting hard to deal with the rising level of air pollution from coal and steel producing units. After carrying out stringent production cuts and closure of polluting coal and steel units across the country over past two years, various cities in China has also set out their plans for the coming years to have a cleaner environment.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners