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Tel : 0086-0371-86172891
Italian engineering company Danieli announced on March 20th that it will supply cold rolling equipment to Thailand's G Steel Public Co Ltd, providing a new four roll flat rolling A533 Type D steel mill for producing high-quality strip steel to expand its product supply.
The new rolling mill will increase the added value for the factory's production of up to 720000 tons/year of hot-rolled strip steel, which will be rolled into cold coils. It is reported that the current annual hot rolling capacity of G Steel company is 1.58 million tons per year.
In addition, Danieli pointed out that the factory is planned to start operating in April 2026, mainly supplying the highest quality steel plates to the local market. The product upgrade of G Steel this time is part of its 3-year investment plan of 3 billion baht (approximately 88.73 million US dollars) announced in August 2024. This investment covers the procurement of leveling equipment, optimization of scrap steel yard operations, and upgrading and renovating existing equipment to restore production stability and reliability.
According to data from a subsidiary of Nippon Steel, there are multiple factors that led G Steel to expand its product range, including weak demand for hot-rolled coils, increased imports of steel, and narrowing profit margins for steel.
Thailand has taken certain measures to restrict the import of flat A533 Type D steel materials such as cold-rolled steel, boron containing hot-rolled steel, and hot-rolled coils due to competition from low-priced imported steel. For example, on November 7, 2024, the Thai Anti Dumping and Anti Subsidy Subcommittee issued a notice regarding boron added hot-rolled steel originating from China Flat Hot Rolled Steel added Boron in Coils and not in Coils） The final ruling of the second anti-dumping sunset review has been made, and it has been decided to continue imposing anti-dumping duties on the products involved in China based on the landed price (CIF). The anti-dumping duty on the involved enterprise Wuhan Iron&Steel Co., Ltd. is 14.28%, and the anti-dumping duty on Rizhao Steel Wire Co., Ltd. and other Chinese producers/exporters is 19.47%. This measure is valid for 5 years, from November 8, 2024 to November 7, 2029. And on August 1, 2024, the Thailand Dumping and Subsidy Review Board issued a notice, making an anti circumvention final ruling on the anti-dumping case of hot-rolled steel plates originating in China (reference English: Flat hot rolled in coils and not in coils), ruling that the Chinese products involved in the case, without affecting the basic characteristics or performance of the products, had engaged in evasive behavior by doping alloys to change the A533 Type D steel product composition, and decided to expand the scope of taxation of the involved products.
