Tianjin
Tianjin initiates consolidation of four major steelmakers
Updated: 2010-01-07 10:30
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The consolidation plan of four major steelmakers in Tianjin has achieved the municipal government's approval, China Business News reported, citing an unnamed official with the city's Development and Reform Commission.
According to an executive of Tianjin Pipe Corporation, Tian Jin Tian Tie Metallurgical Group, Tianjin Metallurgy Group, Tianjin Iron & Steel Group and his company will be restructured into Tianjin Bohai Iron & Steel Group. The new group's capacity will be about 20 million tons per year.
Tianjin Pipe is the largest production base of petroleum casing pipe in China; Tianjin Tiantie mainly produces hot rolled coils, medium steel plate and deformed steel bars; Tianjin Metallurgy Group's main products include hot rolled coils and cold rolled sheet; while Tianjin Iron & Steel Group is mainly engaged in the production of medium steel plate and bar & wire rod.
Editor: Guo Changdong Source: China.com
