Baosteel Zhanjiang Plans to Extend Blast Furnace System, an Industrial Info Market Brief

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Baosteel Zhanjiang Steel Company Limited plans to invest $ 5.35 billion to add a No. 4 and No. 5 blast furnace system at its facility in China, 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 7 million tons per year of iron and 6 million tons per year of steel. After the No. 4 & No. 5 blast furnaces are put into operation, the capacity of Baosteel Zhanjiang Steel will reach 20 million tons per year. The project will begin construction in 2022 and is expected to be completed by the end of 2025.