en.Wedoany.com Reported - On June 26, 2026, the Department of Industry and Information Technology of Liaoning Province, China, issued the "Announcement on the Implementation of the Capacity Replacement Plan for the Blast Furnace Upgrade and Renovation Project of Fushun New Steel Co., Ltd.," confirming that the blast furnace upgrade project of Fushun New Steel Co., Ltd. has been completed.

The announcement shows that the two newly built 1,400 cubic meter blast furnaces meet regulatory requirements, and the construction site, company name, completed smelting equipment models, quantities, and capacities are consistent with the capacity replacement plan. The two 580 cubic meter, one 420 cubic meter, and two 450 cubic meter blast furnaces used for replacement and decommissioning have all been dismantled and are no longer capable of resuming production.

Fushun New Steel Co., Ltd., established in October 2005, is a subsidiary of Beijing Jianlong Heavy Industry Group. It is a large-scale private-controlled joint-stock steel enterprise restructured from the original Fushun Xinfu Steel Co., Ltd., which was founded in 1958. The company has a registered capital of 1.05 billion yuan, with Beijing Jianlong Heavy Industry Group Co., Ltd. holding a 70% stake and state-owned shares accounting for 30%. The company's total assets amount to 10.837 billion yuan, with net assets of 3.779 billion yuan, and it has a production capacity of 4 million tons of steel.

The company's flagship product, the "Fuxin" brand hot-rolled ribbed steel bars for reinforced concrete, is among the first delivery brands listed on the Shanghai Futures Exchange. It is also one of the 65 qualified suppliers for China State Railway Group Co., Ltd., one of the 13 brands used in the construction of the Xiongan New Area, and one of the four brands approved for nuclear island construction in China's nuclear power sector. The products are exported to countries such as Singapore, Myanmar, and Cambodia. The completion of this blast furnace upgrade marks significant progress for Fushun New Steel in eliminating outdated production capacity and advancing large-scale equipment.

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