It is reported that Anshan Steel accelerates its expanding steps to South China and Ningde Steel Project is likely to be approved.
Mr. Zhang Xiaogang GM of Anshan Steel said that the production arrangement is one of key strategies in Anshan Steel this year. He said that Anshan Steel is now programming for a CR plant together with a steel company in province Fujian. The result would come out in two months. He added that province Fujian would still be the location of steelworks even if they fails in the negotiation, because it is an overall strategic arrangement in Anshan Steel Group.
Mr Chen Rongkai official in the city of Ningde said in the end of last year that the provincial government in Fujian has signed frame agreement with Anshan Steel and Ningde has already finished the investigation on 12 million tons steel project. He indicated that 1.2 million tons CR project which is the first phase of the project with an investment of CNY 5 billion would start soon. However, Mr. Zhou Xizeng analyst from CITIC Securities believed that it would take one or two years for the project to start.
Mr. Zhou Xizeng said “If Zhangwan Steel Project is approved and there could be five new super sized steel projects in China together with Shougang Caofeidian Project, Shandong Steel Rizhao Project, Wisco Fangchenggang Steel Project, Baosteel Zhanjiang Project. The coast arrangement in Chinese iron and steel industry would be completed.”
