China's Valin Lianyuan Steel's 768 million yuan blast furnace renovation project plan approved

en.Wedoany.com Reported - Hunan Valin Steel Co., Ltd. ("Valin Steel") announced on May 15 that its subsidiary, Hunan Valin Lianyuan Iron & Steel Co., Ltd. ("Valin Lianyuan Steel"), plans to implement a quality upgrading and renovation project for the No. 7 blast furnace and supporting systems such as sintering at its ironmaking plant, with a total investment of 768 million yuan and a construction period of 10 months.

The No. 7 blast furnace at Valin Lianyuan Steel has reached the end of its first campaign life and is scheduled to be shut down for 65 days starting from late December 2026 for renovation. This blast furnace renovation is expected to reduce hot metal output by 600,000 tonnes, mainly impacting the first quarter of 2027. The project has been included in Valin Steel's 2026 annual fixed asset investment plan, and has been approved by the board of directors, without the need for submission to the shareholders' meeting for approval. Valin Steel stated that this 768 million yuan project will not affect the company's normal production and operating activities, nor will it have a significant adverse impact on the company's financial and operating conditions.

Upon completion, the project will effectively eliminate equipment hazards and safety issues existing in the No. 7 blast furnace and its supporting systems at Valin Lianyuan Steel, ensuring the long-term stable operation of the ironmaking system. This blast furnace renovation project will help promote technological iteration and upgrading, as well as full-process cost reduction and efficiency enhancement, thereby strengthening the company's competitiveness.

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