Steel production capacity in Jiangsu Province is expected to reach 78mn mt by 2025, according to a China Metallurgical News report. China’s government is in the process of shifting its steelmaking capacity to coastal areas of the country for logistical advantage and control the pollution and capacity expansion alongside the Yangtze River.

 

The ratio of steel capacity alongside the Yangtze River and Jiangsu is 7:3 at present. The government plans to bring this ratio to 5:5. Most of the steel capacity in the province will be in lieu of replaced capacity in the Yangtze belt. Jiangsu, however, will also have a new steel production capacity of 4.5mn mt by 2025.

 

The Jiangsu provincial government has planned a 20mn mt Baowu Yangcheng green fine steel base and a 20mn mt Zongtian green fine steel project in the coastal parts of the province. The government also aims to reduce the number of steel companies in the region, with the top five steelmakers accounting for 70pc of the crude steel production capacity.

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