Steel Industry

Updated: Dec 13, 2017 Print
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The three major industries prioritized in Zhanjiang are steel, petrochemicals and paper-making industries. They have become powerful engines for Zhanjiang's development, making steady process towards the target of city revitalization.

The Guangdong province city is dedicated to developing steel and iron in a green way and eliminating backward production capacity in response to the central government's supply-side reform.

Baosteel Zhanjiang is one of the growing leading steel producers capable of energy saving, emission reduction, efficient production, and recycling economy.

The Baosteel Zhanjiang Iron & Steel Base is a key project in Zhanjiang's steel industry. It is an important measure to close down outdated production facilities and promote the structural adjustment in steel industry by following the nation's industrial development policies. It is also key to promote the revitalization and development of the eastern, western and northern part of Guangdong province and ease regional unbalanced development.

The No 1 blast furnace project at Zhanjiang Baosteel Base went on stream on Sept 25, 2015. The No 2 blast furnace project came into operation on July 15, 2016, marking the completion of the first phase of Zhanjiang Iron and Steel project.

In 2016, Baosteel Zhanjiang Iron & Steel Co achieved an annual revenue of 15 billion yuan ($2.3 billion). Thirty one of its indicators reached international first-class level. It became a world-class green carbon steel sheet production base.

In the first quarter of 2017 Baosteel Zhanjiang produced 4.53 million tons of steel, an increase of 300,000 tons year-on-year. The actual sales reached about 7.3 billion yuan, increasing by 500 million yuan. It contributed 8.6 million yuan to local taxes, a year-on-year tax increase of 213 percent.

Since it started production, the Baosteel base has produced 402 varieties of steel in nine major categories including low-carbon steel, alloy steel and automotive structural steel. Automotive panel production exceeded 60 percent of its annual target. Its high-quality carbon steel sheet greatly eased the supply and demand imbalance in South China market.

Baosteel Zhanjiang has created innovation based on its experience in technology and production for over 30 years. More than 30 percent of its production technology has reached a world advanced level and formed competitiveness in sustainable development.

So far, it has invested 6.4 billion yuan in energy conservation and environmental protection and has made significant achievements in building a simple, efficient and low-cost carbon steel base.

Baosteel Zhanjiang has superior advantages in purchasing logistics, raw material structure, consumption index, energy cost and product structure. It represents the advanced level of China's steel industry and is an outstanding practitioner of low-cost operation. It aims to develop into the world's most efficient green carbon steel production base.

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