en.Wedoany.com Reported - Yongfeng Lingang Co., Ltd., part of Shandong Iron and Steel Group in China, plans to build a new 3770m³ blast furnace and a 280-ton converter. The Department of Industry and Information Technology of Shandong Province issued the announcement of the capacity replacement plan for this new steel project on May 20, 2026. The project is scheduled to commence in October 2026 and be put into operation in June 2027.

The capacity for the new 3770m³ blast furnace will come from Weifang Special Steel and Fulun Steel. The capacity replacement ratios are as follows: the remaining capacity from the merged and reorganized Weifang Special Steel and Shangang Yongfeng Lingang will be replaced at a ratio of 1.1:1, while the externally purchased capacity from Fulun Steel will be replaced at a ratio of 1.25:1. Founded in 1993, Weifang Special Steel has grown to possess total assets exceeding 10 billion yuan, covering an area of 4,000 mu, and employing over 6,000 staff. Its business encompasses ironmaking, steelmaking, steel rolling, oxygen production, waste heat power generation, and new building materials production.

In Jiangsu, China, Jiangsu Shagang Steel Co., Ltd. received environmental impact assessment approval from the Department of Ecology and Environment of Jiangsu Province on April 28, 2026, for the second phase of its Blast Furnace Green Recycling Reduction Technical Renovation Project. The project plans to phase out two existing 480m³ blast furnaces and two 580m³ blast furnaces, and build a new 2350m³ blast furnace. The total investment for the project is 1,217.71 million yuan, of which environmental protection investment accounts for 145.4 million yuan, representing 12% of the total. The construction period is 15 months, with an expected commissioning date of June 2027. Located in Zhangjiagang City, Jiangsu Shagang Steel Co., Ltd. currently has total assets of 180 billion yuan and over 16,000 employees. It is the largest electric arc furnace steel production base in China and the world's largest thin strip casting and rolling production base.

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