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

Rizhao Iron and Steel Holdings would build 5mn mt of iron making and 6mn mt of steel making plant in Lanshan District, Rizhao City as part of a consolidation and capacity replacement project wherein Shandong Guangfu and Chuanyang Group’s steel capacity’s will be dismantled in 2022 and replaced by a new facility. The new plant would have two 3,000 cubic meter blast furnace and two 300mt converters and construction is likely to begin in 2022. 


Guangfu Group and Chuanyang Group in Zouping, Shandong Province would dismantle eight blast furnaces, five converters and two electric furnaces.  


Chuanyang Group plans to build a 1.5mn mt of high-end castings plant and convenience facilities at its old site in Zouping City, Shandong Province.

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