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

China-based Xinyu Iron and Steel Co. Ltd. hit high production levels in August with 132,000mt of steel output in first ten days of August.


The second half of 2020 started smoothly with monthly production of 41.11mn mt of pig iron. The company plans to increase it to reach daily production level of 1.32mn mt.


July was tough for the company’s second smelter as temperature soared in Jiangxi province, which has an adverse effect on the equipment, according to the company.


The company is focusing on ramping-up production to meet the planned production guidance. Efforts to increase oxygen enrichment, coal ratio, production as well as optimizing raw materials and fuels are being taken to reach full production capacity.


Xinyu manufactures steel products including steel strands and aluminium sheathed steel wires. It markets its products primarily throughout China with limited overseas reach. 


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