Bengang Steel Plates Co., Ltd. mainly possesses 5 sets of blast furnaces as the iron smelting equipments, and 6 sets of converters and 2 sets of electric furnaces as the steel making equipments, with the capacity totaling 10 million tons, approximately. Main products consist of hot rolled and cold rolled coil. In addition, it also owns a 600,000-ton special steel production line. Rolling capacity of Bengang Steel Plates Co., Ltd. has been up to 12 million tons, which include 7 million tons of 1700mm and 1880mm hot rolled production line, 5.15 million tons of 2300mm hot rolled production line which rented from parent company and 1.10 million tons of supporting cold rolled production line.
Output of Bengang, 2010-2015E (Unit: kt)
|
|
2010
|
2011E
|
2012E
|
2013E
|
2014E
|
2015E
|
|
Hot Rolling
|
7,623
|
7,166
|
7,022
|
7,093
|
7,163
|
7,235
|
|
YoY(%)
|
|
-6%
|
-2%
|
1%
|
1%
|
1%
|
|
Cold Rolling
|
1,664
|
1,797
|
1,886
|
1,924
|
1,963
|
1,982
|
|
YoY(%)
|
|
8%
|
5%
|
2%
|
2%
|
1%
|
|
Special Steel
|
641
|
698
|
712
|
726
|
734
|
741
|
|
YoY(%)
|
|
9%
|
2%
|
2%
|
1%
|
1%
|
|
Sum
|
9,927
|
9,660
|
9,621
|
9,743
|
9,860
|
9,958
|
|
YoY(%)
|
|
-2.70%
|
-0.40%
|
1.30%
|
1.20%
|
1.00%
|
Source: Bengang Steel Plates Co., Ltd., ResearchInChina
Due to the plate-based product mix model, the recovery of short-run profitability of Bengang Steel Plates Co., Ltd. still rests on the pickup of the industry. However, in the long run, resource layout is expected to enhance its control on industry chain.