Baosteel Group, China’s second-largest steelmaker, headquartered in Shanghai, will have a crude steel capacity of more than 66Mt/y by 2015, and production capacity of value-added steel products will reach 22Mt, according to the Shanghai Iron and Steel Industrial Development Plan for 2011-2015.
Shanghai will try to consolidate the function of Baosteel’s headquarters and improve its capability to manufacture high-end products, the local government promised in the plan.
Data from Glinfo.com, a steel information provider, shows that pig iron output at Baosteel in 2011 was 39.39Mt, of which 19.47Mt was produced in its Shanghai steel plant and crude steel output amounted to 43.34Mt last year, of which about 22.25Mtwas produced in Shanghai.
The data reflects Baosteel Groups potential to expanding production in the period 2011-2015. However, output in Shanghai would largely remain unchanged with the growth taking place elsewhere.
Source: China Metals e-mail email@example.com