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Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: CNH
News: Latest news
Web Site: China Steel Australia
Other Articles: 09-02-201018-01-2010

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Monday March 15, 08:01China's growth boosting commodity prices

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China Steel Australia

China Steel Australia

Since 2006, China became the world's largest stainless steel producer primarily to cater to its domestic stainless steel consumption which is the highest in the world. Nickel pig iron is used by Chinese stainless steel producers as an alternative to pure nickel in the production of stainless steel. China Steel produces nickel pig iron and merchant pig iron for the domestic Chinese market from a Steel and Alloy plant located near the city of Linyi in the Shandong province of China.
Tuesday, February 09, 2010

China Steel Improves Production Efficiency

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Australian-listed stainless steel producer China Steel Australia (ASX: CNH) has made successful changes to its production process to improve efficiency, according to the company.

China Steel produces both nickel pig iron and merchant pig iron at its plant near the city of Linyi in China’s Shandong Province.

Chief Executive Chen Lidong said the company had successfully incorporated the use of Anthracite coal in its production process. Anthracite coal or black coal was a harder compact variety of coal with a high carbon content.

“This supplements our use of coke as an energy source and it will improve our production efficiency and enable us to improve our product quality,” he said.

“We are implementing these changes to ensure China Steel remains highly competitive in these uncertain times.

“It’s a move that will help solidify our position as the market leader in nickel pig iron in China.”

China Steel last month announced it had signed a one year letter of intent with Heng Feng Zheng Dao Trading Co. Ltd to supply 45,000 tonnes of nickel pig iron or 90 per cent of current production capacity.

China Steel Australia, which listed on the ASX in February, 2008, is an enterprise with a licence to manufacture steel and iron in China.

 

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