Steel production may resume in Hong Kong

Steel production may resume in Hong Kong

Shiu Wing Steel, the only steel products manufacturer in the Hong Kong Special Administrative Region of China, is considering re-establishing steelmaking.

Shiu Wing Steel, founded in 1958, was originally built as a mini-mill. But in 1996, when the production of fittings was moved to a new site, the company abandoned steelmaking due to difficulties in providing scrap metal, and switched to using Chinese and imported semi-finished products.

Shiu Wing Steel is currently considering building an electric arc furnace with a capacity of 700,000 tons per year at its Tuen Mun plant. It is expected to be put into operation in 2025.

Shiu Wing Steel currently provides over 30% of Hong Kong’s rebar needs. In general, the local market for construction-purpose rolled products is estimated at 1.2-1.5 million tons per year. But Hong Kong, together with Macau and nine continental cities located at the mouth of the Pearl River, form a market with a capacity of 20-25 million tons per year. Moreover, the metal there is mainly imported from outside.