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

China’ Shaanxi Hancheng Iron and Steel wants to take the steel industry to ‘CNY100bn level’, the company stated in its promotion meeting held recently in Tianjin with an aim to strengthen relations between Tianjin and Hancheng. 


Chinese media quoted company officials who said mordernisation and building advantageous industrial clusters around the steel industry has been their aim. Large-scale industrial clusters have been formed with upstream and downstream enterprises forming a support system for the steel industry. The surrounding areas can use 27 million tons of steel production capacity, and are accelerating towards the goal of building a 100 billion-level steel industry base, company officials said. 


Also, Korean city Economic Development Zone and Tianjin Roncheng Xiang Tai Investment Holding Group signed a strategic cooperation agreement with Xiang Iron and Steel Group, Handan Shexian Thirteen IAS Technology and Wan Stewart Steel Group along with other steel enterprises including Renewable Resources Recycling and Jinsheng Intelligent Equipment Manufacturing Company.



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