Since the beginning of this year, countries have vigorously promoted infrastructure construction in order to accelerate economic recovery and development. Steel, as a basic material, is in short supply and prices continue to rise. This has also stimulated countries to build new steel plants and expand the scale of existing steel plants. After incomplete statistics, the editors of China Metallurgical News and China Iron and Steel News Network summarized recent new steel plants and expansions in various countries. Details are as follows:
- Baosteel will build a world-class steel plant in Saudi Arabia
On September 7, Baosteel Co., Ltd. and Aramco, the world’s largest oil production company, jointly signed a memorandum of understanding and negotiated plans to cooperate in the construction of a world-class full-process heavy plate plant in Saudi Arabia. The project mainly includes the construction of a full-process heavy plate plant and related supporting facilities, which are positioned to produce high-end heavy plate products.
- China Railway 19th Bureau International Corporation undertook to build a steel plant in Bolivia
In the early morning of September 1, local time, the opening ceremony of the public auxiliary and road works of the Bolivia Mutong Comprehensive Steel Plant of China Railway 19th Bureau International Company was held at the project site.
The Mutong Steel Plant project in Bolivia is located in Mutong Town, Suarez City (Port), Santa Cruz Province, Bolivia, with a total investment of approximately US$546 million and an annual output value of 194,000 tons of bars and wires. After the completion of the project, it will become the first and largest full-process steelmaking plant in Bolivia since the founding of the country.
- U.S. Steel plans to spend US$3 billion to build a new steel plant
On September 16, US Eastern Time, U.S. Steel Corp. (U.S. Steel Corp.) announced that it would spend approximately $3 billion to build a new steel plant.
It is reported that the steel plant under preparation will combine two state-of-the-art electric arc furnaces (EAF), mainly using scrap steel, which is more energy-efficient than traditional coal-based integrated power plants. U.S. Steel plans to start construction in the first half of 2022 and start production in 2024.
U.S. Steel said in a statement that the new steel plant is expected to produce 3 million tons of flat steel products, which is part of the company’s goal of reducing greenhouse gas emission intensity by 20% by 2030.
- German SMS group built a modern steel plant in Cameroon
On September 15, the “Invest Cameroon” website reported that the German SMS group SMS group invested in Cameroon and even sub-Saharan Africa to build the steel plant with the highest level of modernization-the fourth phase of the Cameroon Iron and Steel Company (PROMETAL-4).
It is reported that the fourth phase of the PROMETAL project has invested a total of 40 billion CFA francs. After it is put into operation, the annual output of Cameroon Iron and Steel Company will be increased from the current 200,000 tons to 300,000 tons. The product range will also be further enriched, including I-beams, angle steels, and plates. Since then, Kake can independently produce nails, screws and other construction supplies, replacing 50% of the imports of construction steel products, and no longer need to import from two steel plants in North Africa
- The joint steel plant project in Myanmar and Russia plans to restart
Recently, the No. 2 steel plant project (PANGPET), which has been suspended for more than 4 years in Taunggyi City, southern Shan State, Myanmar, plans to restart. According to the Myanmar Ministry of Industry, if the No. 2 steel plant project is completed and put into operation, it will be able to produce 200,000 tons of pig iron each year.
- Tata Steel plans to build a new steel plant in Haryana
According to a tweet from the Office of the Chief Minister of Haryana, the steel giant Tata Steel India and the Chief Minister of Haryana Manoharlal Khattar held a meeting to discuss the establishment of a 45 billion rupees steel plant in the state. After completion, the steel plant may provide direct jobs for 500 people and indirect jobs for 5,000 people.
- BlueScope expands the production capacity of electric furnace steel plants in the eastern United States
According to overseas media reports, Australian steel manufacturer Bluescope may build a new steel coating facility in the eastern United States.
According to the company, high asset prices in the United States have prompted BlueScope to switch to new facilities rather than buying existing facilities.
BlueScope operates a 2.3 million short ton/year electric arc furnace (EAF) North Star steel plant in Delta, Ohio. The plant is currently undergoing a 937,000 short ton/year electric arc furnace expansion.