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

Guangdong province has chalked out elaborate plans for the steel sector in its 2020 development and reforms plan. Guangdong Development and Reform Commission released a key construction project plan and a preparatory plan for 2020. The plan will support 1,230 key projects with an investment of CNY5.9 trillion and has an annual investment plan of CNY700bn.


Yangjiang Hongwang Stainless Steel’s (SS) cold-rolled steel strip project’s repair work is included in Guangdong 2020 plan. Yangjing Hongwang plant has an annual production capacity of 500,000mt.


Among the key construction plan for steel mills is the construction work of three blast furnaces of Baosteel Zhanjiang Iron and Steel, construction of electric furnace of Guangdong Jinshenglan Metturgical, reconstruction of electric blast furnace at Heyuan Derun Iron and steel, technology transformation Shaoguan Zhongban and other projects.


Preparatory provincial plan involves work at Baosteel Zhanjiang’s 45th blast furnace, Guangdong Shaogang Songshan plant’s smart project and 6mn mt/yr output special steel project of Heyuan Guangxi Guixin. 

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