【Meeting Background】
China's Direct Reduction Iron has rapid developed in 2007. Coal-based direct reduction rotary kiln and tunnel kiln technologies in China have seen great development and direct reduction process of rotary hearth furnace and shaft furnace have been a certain promotion. Since 2007 is the last year that our steel industry policy setted under BF 2 hundred cubic meters would be cancelled. The national regulatory policy is increasingly tight, small blast furnace production is facing severe pressure to survive. Meanwhile,the steel market is facing an unprecedented brisk opportunity and produces and sales are booming. Pig iron forms seller's market structure.
Also, pig iron prices have continued to create new record high. In the mid of May, the mainstream price of pig iron for steelmaking was 2650 yuan /mt. In the early Septemper, the price has broke 3000yuan/mt to 3200yuan/mt. There are daily pig iron price rise phenomenon. So pig iron production enterprises have to consider restructuring new products in line with the state's industrial policy. The other hand, iron ore production enterprises due to increased affluence funds, consider the production of higher value-added products. DRI EAF steel production in China as a high-quality raw materials needed clean steel, but also China's equipment manufacturing high purity steel casting, forging billet production of the much-needed raw materials. In this context, direct reduction iron has become the preferred development projects for many entrepreneurs.
China Direct Reduction Iron Market Proseminar 2007 will be held by The Chinese Society for Metals non-blast-furnace iron-making department, Changsha direct reduction engineering center and ChinaCCM. With ChinaCCM media platform, inviting domestic counterparts and interested in the development of direct reduction to discuss the current DRI supply and demand market of China, and to discuss DRI development prospects in China.
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