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Angang blast furnace replacement project site Zhoukou!

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Oct 18,2023

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Li Xinchuang, Dean of the Metallurgical Industry Planning and Research Institute and Secretary of the Party Committee, said: "Henan's steel production capacity is concentrated in Anyang. For a city, development not only depends on steel, but also building materials, chemicals, casting, etc., otherwise it is not conducive to overall development. The conditions for steel development in areas that are too dense should be restricted, and it is normal to tilt towards some areas with strong development desires, development momentum and advantages. Any industry must continue to optimize the layout, steel is particularly prominent, from the policy level to propose capacity replacement, that is, from the steel-intensive areas to a reasonable transfer of areas with comparative advantages, this is the premise and background of replacement."

According to the disclosure of Anyang Iron and Steel on the evening of August 19, in order to meet the needs of the company's development and strategic layout, adjust the company's industrial structure, enhance its competitive strength, and optimize the industrial layout, the company's holding subsidiary Angang Zhoukou Iron and Steel Co., Ltd. (hereinafter referred to as "Zhoukou Company") plans to invest in six projects in Shenqiu County, Zhoukou City, including the raw material yard project, the oxygen production station project, the 265 ㎡ sintering machine (including the desulfurization and denitrification) project, the construction period of the project is about 15 months, and the total investment is expected to be 5.838 billion yuan. The project funds are to be raised by Zhoukou Company through self-financing and bank loans. This foreign investment has been reviewed and approved by the company's seventh extraordinary board meeting in 2019 and needs to be submitted to the general meeting of shareholders for deliberation.

According to the announcement, the six projects and investment amounts are respectively: the investment amount for the raw material yard project is 1.207 billion yuan, the investment amount for the oxygen station project is 0.38 billion yuan, the investment amount for the 265m2 sintering machine (including desulfurization and denitrification) project is 0.809 billion yuan, the investment amount for the 1860m3 blast furnace and supporting public and auxiliary systems project is 0.974 billion yuan, the investment amount for the steelmaking and continuous casting system project is 1.543 billion yuan, and the high rod production line project is 0.924 billion yuan.

Anyang Iron and Steel said that this investment project is in line with the guidance of the national industrial policy, with good market prospects and obvious cost advantages. It adopts mature technological processes to produce products demanded by the market, and the project has strong profitability. It has good economic and social benefits. At the same time, this foreign investment will accelerate the realization of the company's long-term combination, optimize the layout, improve quality and efficiency, and transform and upgrade goals, which is of great significance to the company's long-term development. After the project is completed and put into operation, it can produce 1.66 million tons of steel products every year. After calculation, it is estimated that after reaching production, the normal annual income is 5.976 billion yuan, the net profit is 0.391 billion yuan, and the total investment payback period (including the construction period) is about 8.93 years. At the same time, the completion of this project investment is expected to increase the company's asset-liability ratio by about 3 percentage points.

Affected by the development of domestic blast furnace longevity technology, Huaxi Science and Technology Group responded to the call of national industrial integration and established the Huaxi Ironmaking Blast Furnace Longevity Integrated High-tech Alliance. It has long been committed to in-depth cooperation and application promotion in the high-tech field of blast furnace longevity integration., Expansion and maintenance technology have reached the world's advanced level.

Blast furnace longevity is a systematic project, involving blast furnace design, material selection, construction, production, maintenance, operation and other aspects. Therefore, the domestic research on the longevity of blast furnace is also deepening. The new blast furnace project undertaken by Huaxi refractory materials has condensed industry experience and unique industry technology to provide steel mills with professional integrated solutions for the longevity of new blast furnaces!

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Angang blast furnace replacement project site Zhoukou!

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Oct 18,2023

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