1. The first SA8000 certificate was awarded to Nangang
On May 22, the first SA8000 corporate social responsibility management system certification in the domestic steel industry was awarded to Nanjing Iron & Steel Co., Ltd., and was included in the national certification and accreditation information public service platform of the State Administration for Market Regulation.
2. Maanshan Iron and Steel shares were reduced by 19.4 million shares of China Baowu
According to the latest equity disclosure information of the Stock Exchange, on May 19, 2022, Maanshan Iron and Steel (00323.HK) was reduced by China Baowu Iron and Steel Group Co., Ltd. to 19.4 million shares at an average price of HK$2.8883 per share. About 56.033 million Hong Kong dollars.
After the reduction, the latest number of shares held by China Baowu Iron and Steel Group Co., Ltd. was 516.4 million shares, and the shareholding ratio decreased from 30.92% to 29.80%.
3. A steel company plans to build a 1660 vertical blast furnace
Quzhou Yuanli Metal Products Co., Ltd. plans to start construction in 2023 for one 1,660-cubic-meter blast furnace with a production capacity of 1.43 million tons; and three 100-ton converters with a production capacity of 3.45 million tons.
4. Indian steel companies are worried about losing the international market
On May 21, Indian Finance Minister Sitharaman Sitharaman announced on social media that the country has decided to make a series of adjustments to the tax structure of key commodities, which will take effect on May 22.
The Indian Steel Association (ISA), a steelmaker’s group, said in a statement that India has been increasing its steel exports over the past two years and is likely to take a larger share of the global supply chain. But India may now lose export opportunities and share will flow to other countries as well.
