Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Chinese steelmaker Beijing Shougang International Engineering Technology (BSIET) has ordered a new pelletizing plant from Metso Outotec. 


The plant will be installed in the Dahua industry park in Yunan, China. The equipment is expected to be commissioned in 2023 and with a capacity to produce around 4mn mt of iron ore pellets per year. Metso will book this order in its Q2 2021 earnings. In Q1 2021, the Finnish equipment maker saw a 2pc drop in sales to $1.1bn and sold off its aluminum business to Reel International. 


Attul Ahmad, vice president, ferrous and heat transfer at Metso, noted that this was the third pelletizing plant order from the country within the past few months. He added that China is also raising its sustainability standards while scaling up steel production to meet domestic demand from the various consuming industries. China accounts for half of the world’s crude steel production, he said. 

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