Steelmaker builds new high-end facility
By Yin Ping (China Daily)
Updated: 2006-07-26 08:41 A million-kilowatt-capacity nuclear power unit, for instance, requires about
2,110 tons of alloy steel, which includes high-temperature alloy, titanium alloy
and special stainless steel.
China now has 11 nuclear power stations with
a total capacity of 8,700 megawatts.
According to a national plan provided in
2004, China will build another 40 nuclear power units by 2020. It is also going
to help Pakistan build six 300-megawatt nuclear power stations.
Oil and
gas prospecting, which usually requires high-intensity steel pipelines and
drillers, is also a big consumer of alloy steel.
Currently, alloy steel,
which is still a fledging product in China, is mainly imported.
The alloy
steel project also reflects Baosteel's commitment to turning out more
value-added steel products as set forth in its scheme for the 11th Five-Year
Plan period spanning from 2006 to 2010, Xie said.
In the plan, Baosteel
aims to achieve a 30 million ton capacity, making it one of the top three
steelmakers in the world.
Last year, Baosteel turned out 22.73 million
tons of steel and reported 167.1 billion yuan (US$20.89 billion) in
sales.
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