Zhanjiang steel unilateral capital increase of 12 billion yuan

Some people who are involved in zhanjiang project of form a complete set of business enterprise of iron and steel to our reporter said that even in September, 2016 to 90 degree pipe fitting long radius elbow start construction as scheduled, how much production capacity is also a problem. "Say it's a period can reach 10 million tons, but in fact is 5 million tons and 7 million tons, also hard to predict." Huang said.

Party secretary of guangdong zhanjiang economic and technological development zone, Mr Feng said several times two big projects in stimulating amplification, huge potential for further development of ASME B16.25 Welding on the pipe end cap the upstream industry.In 26, chairman of baosteel He Wenbo baosteel half-year results show, said the company plans to zhanjiang steel unilaterally capital 12 billion yuan, holding the equity of zhanjiang steel up to 90%. On the weekend, baosteel released its annual report, net profit fell more than sixty percent.

With the steel in zhanjiang economic and technological development zone to the ground at the same time is medium division Q235 seamless carbon steel pipe refining project. Maoming LuHua chemical co., LTD. Deputy general manager in JunWei told our reporter, since last year, the division in the body of the refining project basic suspension. Sinopec is to want to continue doing this project, but nearly two years chemical market is not optimistic."We are still waiting to see, basically be to see zhongke refining the plan, it give me we'd follow up materials." JunWei, arguing that the division in refining are waiting to see a number of supporting enterprises.

Zhanjiang company, said before the hope through this project, but now light steel has become a big burden of zhanjiang. Project delay of high-cost, such as bank loan interest. By the end of 2010, around the zhanjiang steel supporting investment has exceeded tens of billions of dollars.In recent years, China's steel production capacity surplus seriously. In 2008, the national steel production capacity has reached 600 million tons, 100 million tons of excess. In 2009 reached 700 million tons, in 2010 reached 800 million tons. Academy of engineering Xu Kuangdi said, at present the excess steel production capacity will reach 200 million ~ 300 million tons.

To this one industry source said, is not the problem of excess production capacity in guangdong, the province's steel demand for more than 4000 4000 tons per year, and production in more than 2000 only 2000 tons. Guangdong, he said, could not have become a big province of steel, but can be a powerful province of steel, for example, nansha is cooperation with Japan to build fine steel, used in automobile production.

Yellow said, after leaving the zhanjiang steel projects, they plan to form a complete set of guangzhou panyu and nansha fine steel rust steel production enterprises. "Nansha fill the blank of the guangdong province is the best project of high-grade automotive panels, high-grade automotive board all come from the field in guangdong province."