Chinese Steel mills plan to purchase two 6,000-hp shredders this year
Jiangsu Shagang Group Co. (Zhangjiagang, China), China’s largest privately owned steel mill, plans to purchase two 6,000-hp shredders this year.
The equipment comes from China Recycling Newell Equipment Co., the joint venture of Newell Recycling Equipment (El Paso, Texas) and China Recycling Development Corp. (Beijing).
The installations will increase Shagang Group’s scrap metal consumption 17 percent this year, to 7 million mt, according to media reports. Visit www.sha-steel.com/eng.
Steelmaker Jingye Group Co. (Shijiazhuang, China) is installing a 3,000-hp shredder that will allow the mill to more than double its scrap processing this year, to 2 million mt, Reuters reports. Jingye produces about 12 million mt of steel a year, primarily rebar.
