Dallas, TX (PRWEB) April 07, 2014
Coke is widely used in the fields of blast furnace ironmaking, cupola iron melting, ferroalloy smelting and nonferrous metals smelting. As a reducing agent, energy source and carbon agent, coke is also used as a raw material in carbide production, gasification and synthetic chemistry. Statistics shows that over 90% of the global coke production is used in blast furnace ironmaking, for which metallurgic coke is one of the essential raw materials. Metallurgic coke is named as the "Basic Food" of the steel industry with important strategic value and economic significance.
Coke industry in China can be divided into two categories based on the production structure. One category is professional manufacturers of commercial machine coke while the other one is coke manufacturers owned by largescale iron and steel enterprises. Coke produced by largescale iron and steel enterprises is usually not for sale but used by themselves. Therefore, only products of professional machine coke enterprises are available on the market.
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Consumption of coke in China is highly dependent on the steel industry for most coke is consumed in the industry. In 2013, the production volume of pig iron in China was 708.97 million tons, up by 6.2% YOY. The production volume of crude steel was 779.04 million tons, up by 7.5% YOY, while that of steel products was 1,067.62 million tons, increased by 11.4% YOY. The production volume of coke in China was 480 million tons in 2013, which increased by 8.1% YOY. Trend of coke industry is directly affected by changes in steel industry due to their close relation with each other.
According to the distribution of coke production in China, the geographical distribution of coking enterprises is uneven. Most coking enterprises are located in North China, East China and Northeast China. Shanxi is the most important coke production area in China. In 2013, the production volume of coke in Shanxi was 90.77 million tons, increased by 5.4% YOY. It took 21.87% of the national production volume and remained the first in the country. However, the percentage is declining. Other regions with high production volume of coke are Hebei, Shandong, Shanxi, Henan and Inner Mongolia.
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Adjustment on export tariff of coke in China resulted in dramatic increase of export volume in 2013. The export volume of coke and semicoke in China was 4.67 million tons in 2013, which went up by 358.1% YOY. The export value was USD 1,134 million, up by 154.8% YOY. However, export of coke industry is in a depressed state compared with that in the last few years, which is basically negligible compared with the national production volume. The import volume of coke in China was low in 2013 while that of coking coal was 75.424 million tons, up by 66.8% YOY.
It is predicted that the annual growth rate of China's GDP will remain above 7% in the next few years, which depends greatly upon investment in fixed assets such as infrastructure. Increase of investment in fixed assets will inevitably promote the development of industries like metallurgy and construction machinery manufacturing, which will indirectly promote the development of coke industry.
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