Press Release
January
On January 7, China’s State Administration for Market Regulation and other departments issued a notice on the announcement of the pilot list for product carbon footprint labeling certification. The carbon footprint label certification of steel products will be piloted in Tangshan City, Handan City, Hebei Province, Xinzhou City, Shanxi Province, Yingkou City, Liaoning Province, Anshan City, Dandong City, Fushun City, Baoshan District, Shanghai, Xiangtan City, Hunan Province, and Zhuzhou City.
On January 9, China’s Hebei Department of Industry and Information Technology planned to identify 10 application scenarios as pilot digital transformation scenarios for the steel industry in Hebei Province, including Tianjin Iron Works, Puyang Steel, etc.
On January 14, the World Economic Forum announced the 13th batch of “lighthouse factories” list. Beijing Shougang Cold Rolled Sheet Co., Ltd. became the only “lighthouse factory” in China’s steel industry on the list.
On January 20, China Hengyang Valin Steel Pipe announced that it would cooperate with Danieli to build the world’s largest seamless steel pipe hot rolling production line. The maximum designed pipe diameter of the production line is Φ24 inches, and the annual output is expected to reach 800,000 tons.
On February 8, the Ministry of Industry and Information Technology of China released the “Steel Industry Standard Conditions (2025 Edition)”. Based on the new stage of high-quality development of the steel industry, we will refine a series of indicators that are in line with the high-quality development of the industry, establish a hierarchical and classified management system, and implement two-level evaluations of “standardized enterprises” and “leading standardized enterprises” for steel companies.
On February 13, Baosteel Co., Ltd., Baowu Aluminum and Kobe Steel jointly established Baosteel Kobelco Automotive Aluminum Plate (Shanghai) Co., Ltd., and the unveiling ceremony was held in Shanghai.
On February 18, Linggang Co., Ltd. received the “Construction Project Construction Permit” issued by the Development Zone Management Committee. The new 2290m³ blast furnace project in its 1#-4# blast furnace equipment upgrade project met the conditions and was approved for construction.
On February 19, Japan’s Mitsui & Co., Ltd. announced that it would acquire 40% of Rio Tinto’s Rhodes Ridge iron ore project in the Pilbara region of Western Australia for US$5.34 billion. The iron ore project has an estimated mineral resource volume of 6.8 billion tons, an initial designed annual production capacity of approximately 40 million tons, and is scheduled to be put into production before 2030.
