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

China’s private steel producer Heyuan Derun Iron and Steel plans to build a 6mn mt annual output special steel project in Lantang Industrial Town in Heyuan City. The plant will be equipped with six smelting electric furnaces and one ESP production line.


The projects will also include six refining furnaces, four billet and one slab continuous casting machines, two high-speed bar production lines and one general bar production line, two high-speed wire production lines and other supporting and auxiliary facilities. The public and auxiliary support facilities for the project would include metallurgical lime system, slag treatment facility, water treatment centre, oxygen making station, power supply and distribution facilities, warehouse and other office and living facilities. The facility will be functional round the clock with four shifts and three operations.  


Construction will be in two phases with a total planned investment of CNY13bn ($1.83bn). The project is scheduled to be completed in 30 months.

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