With the acquisition, the company’s total production capacity will exceed the targeted 150 million mt, exceeding the production capacity of its global rival ArcelorMittal.

Baowu Group produced 115 million mt of crude steel last year, while Shangang produced a total of 31 million mt of crude steel. In addition, Shangang’s total production capacity stands at around 38 million mt per year.

With the consolidation to be achieved in the Chinese steel industry, it is aimed to ensure efficiency in production and reduce carbon emissions. Baowu plans to reduce its carbon emissions by 30% by 2030.

Baowu Group’s capacity will increase to 150 million mt with the acquisition of Shangang yazısı ilk önce TNK Çelik Çivi | TNK Nails and Fasteners üzerinde ortaya çıktı.

Union officials warned that many construction companies have difficulty in benefiting from the reopened economy and that the construction sector cannot provide new and high-paid employment due to the increasing material prices. warned of its inability to provide new, high-paying jobs.

“Over the past year, contractors have been negatively impacted by cost increases, supply shortages and shipping difficulties,” said Ken Simonson, AGC’s Chief Economist. However, due to falling demand for construction projects, contractors have not been able to raise their bids sufficiently to recoup their expenditure,” he said. The producer price index for non-residential construction has increased by only 3.4% in the last two months. This increase was only a small part of the 26.3% increase reflected in construction inputs by manufacturers and service providers such as distributors and shipping companies.

It was stated that there were double-digit increases in the sales prices of materials used in all types of construction. The producer price index for timber and plywood has doubled from June 2020 to last month, while lumber prices have fallen since the index calculation. The steel products index increased by 87.5%, the copper and brass alloy index increased by 61.5% and the aluminum alloy index increased by 33.2%. While the index of gypsum products such as gypsum board increased by 18%, the asphalt-bitum roofing and exterior cladding index increased by 12.1 and the insulation materials index increased by 10.1%.

The price of construction materials in the USA increased by 26.3% year-on-year in June yazısı ilk önce TNK Çelik Çivi | TNK Nails and Fasteners üzerinde ortaya çıktı.

In 2020, the industrial capacity utilization rate of China’s metal smelting, rolling and processing sector was 78.8%, down 1.2 percentage points year on year.

In the fourth quarter of 2020, China’s total industrial capacity utilization rate was recorded at 78%, up 0.5 percentage points year on year and 1.3 points quarter on quarter. In the given year, the country’s total industrial capacity utilization rate was 74.5%, down 2.1 points year-on-year.

China’s steel industry industrial capacity utilization rate increased in the second quarter yazısı ilk önce TNK Çelik Çivi | TNK Nails and Fasteners üzerinde ortaya çıktı.