China Steel Price

1. The price of Tangshan general carbon billet fell on two days at the weekend

The ex-factory price of common carbon billet fell by 50 yuan (30 yuan on Saturday and 20 yuan on Sunday) at 4340 yuan/ton on the two weekends, down 60 yuan/ton from the previous week.

2, China Iron and Steel Association released the 2021 carbon peak carbon neutral special industry standard revision project plan for the steel industry

A few days ago, the China Iron and Steel Association released a project plan for the development and revision of the steel industry’s 2021 carbon peak carbon neutral special industry standard. This plan involves 21 steel projects. Several steel companies such as Baowu, Maanshan Iron & Steel, Baosteel, Shougang, Hegang, Rizhao Iron and Steel, and Metallurgical Industry Information Standards Research Institute, Metallurgical Industry Planning Research Institute and other units have participated in it.

3. During the “Thirteenth Five-Year Plan” period, Hebei Province accumulated 82.124 million tons of steel-making capacity withdrawn

During the “Thirteenth Five-Year Plan” period, Hebei Province has reduced its steelmaking capacity of 82.124 million tons and coking capacity of 31.44 million tons. The steel production capacity of coastal ports and resource-rich areas accounted for 87% of the province’s total. Established 233 provincial-level and above green factories, among which 95 are national-level green factories, ranking 7th in the country, and the number of green factories in the steel industry is the first in the country.

4. Zijin Mining: The first phase of the Tibet Julong Copper Industry Project was completed and put into operation

Zijin Mining announced that the beneficiation system of the first phase of the Qulong Copper Mine will be commissioned at the end of October 2021, and officially put into production on December 27, successfully achieving the overall goal of completion and commissioning by the end of 2021. After the first phase of the Qulong Copper Mine project is put into operation, plus the output of the Zhibula Copper Mine, Julong Copper is expected to produce 120,000-130,000 tons of copper in 2022; after the first phase of the project reaches production, the annual output of copper will be about 160,000 tons.

5. Vale may acquire shares of Minas-Rio

It is rumored that Vale Brazil, one of the world’s top three iron ore producers, has been negotiating with London-based Anglo American Resources Group since last year, planning to acquire shares in its Minas-Rio project in Brazil. The iron ore quality of this project is very good, reaching 67%, with an estimated annual output of 26.5 million tons. The successful acquisition will greatly increase Vale’s output, and its iron ore output in 2020 will be 302 million tons.