What is special steel?
Special steel refers to steel that has added or extra benefits, such as resistance, anti-corrosion and anti-fatigue properties. Categorised by shape, special steel includes bar steel, plate, strip steel, tube steel and wire steel.
CITIC Pacific is in the process of building its capability to produce medium-to-thick plates, which will further broaden the product portfolio.
Special steel production process
CITIC Pacific's two steel plants employ two different technological approaches: long and short processes. The long process uses iron ore and coke as raw materials, while the short process uses scrap steel, pig iron or molten iron. During the next phase of both the long and short processes, alloys are added to the molten steel produced. Through a ladle-refining furnace, an 'RH' or vacuum degassing furnace, and a continuous casting and rolling process, steel billets are produced and shaped to various specifications according to customers' specific requirements.
Industries and major products used
Our products are sold to the auto components, machinery manufacturing, metal works, power generation, oil and petrochemical, railway and shipbuilding industries.
In 2012, 55% of our products were sold to auto component and machinery manufacturing industries. Many buyers of our products are producers affiliated with or contracted to manufacturers in the auto, machinery manufacturing, oil and petrochemical industries. Our end users include Toyota, General Motors, Honda, Volkswagen, Volvo, Caterpillar and SKF.
KEY PRODUCT OF CITIC PACIFIC STEEL
| Gear steel |
820 |
29% |
32% |
| Bearing steel |
810 |
28% |
26% |
| Alloy spring steel |
370 |
21% |
20% |
| Alloy structural steel |
1,990 |
19% |
15% |
Our Products Are Sold To These Industries
| Auto components |
2,010 |
31% |
30% |
| Machinery manufacturing |
1,560 |
24% |
22% |
| Shipbuilding |
660 |
10% |
14% |
| Power generation |
800 |
12% |
13% |
| Oil and Petrochemical |
8000 |
12% |
9% |
| Metal works |
420 |
6% |
6% |
| Railway |
120 |
2% |
2% |
| Others |
180 |
3% |
4% |
| Total |
6,550 |
100% |
100% |
What is special steel