Baosteel Zhanjiang Among China's Companies to Add Iron, Steel Capacity, an Industrial Info Market Brief

China is home to more than $93 billion in active steel mill projects, according to Industrial Info's project database. One of the largest is Baosteel Zhanjiang Iron and Steel Company Limited's estimated $2.74 billion No. 3 blast furnace system, which will include coking plants, power utilities and sintering, iron-making and steel-making facilities, as well as steel-rolling plants. The facility is designed to produce 4.02 million tons per year of iron and 3.6 million tons per year of steel; it will begin construction later this year and is expected to be completed by the end of 2022.

Click here for a list of active steel-mill projects in China, and see graph below for a breakdown by province.