Asset Report
Shagang (EAF) steel plant
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Shagang (EAF) is the largest ferrous scrap consumer in China. It has six electric arc furnaces with a crude steel capacity of 6 Mtpa. The EAF plant consumes an estimated 1.7 Mtpa of obsolete scrap. Around 60% of the obsolete scrap is sourced from the seaborne market, mainly from United States and South Korea, making the plant China's largest scrap importer. However, the plant has a relatively low scrap-to-steel ratio as it tends to use hot metal to replace scrap in the furnaces as hot metal is more efficient and economical.
Table of contents
- Summary
- Key issues
- Capital cost
- Operating cash costs
Tables and charts
This report includes the following images and tables:
-
Detailed mapParticipationSteel plant overview
-
Key raw material ratesDownstream productsFinished steel productionProduction table (Mt)Capital CostTotal operating cash costs: finished steelOperating cash cost table
What's included
This report contains:
Other reports you may be interested in
Asset Report
Dearborn steel plant
Dearborn is a steel mill operated by Cleveland-Cliffs that focuses on the production of high-strength, light-weight steel products.
$2,250
Asset Report
Cleveland steel plant
A two-blast-furnace steelworks acquired by Cliffs from AM. The plant supplies high-quality steel to the regional automotive market.
$2,250
Country Report
Global steel cost summary
Global average steelmaking costs are expected to soften by 1.0% in 2026, driven by falling raw material and energy prices.
$6,750
