Is there still a future for coking?
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There is a severe overcapacity in steel production; now rebar is being sold at rock-bottom prices per pound. Coking is also a highly polluting industry, **subject to strict restrictions; it is often classified as outdated production capacity in the five-year plans. The industry is shrinking significantly. What do people think of its future?
It is understood that coking plants in the inland areas are all operating at a loss, while a coking plant along the coast still generates some profit. In my opinion, the main issues lie in management and technology gaps; most coking plants in the mainland do not use dry quenching for coke production, nor do they have corresponding chemical processing systems, and their environmental protection facilities are also inadequate. Which coking plant along the coast has dry quenching of coke, a chemical processing system, and uses coke oven gas directly to power gas turbines for electricity generation? Eliminating outdated production capacity is an inevitable step; otherwise, it will be a sin left to future generations.
The elimination mode is active – survive at all costs!
It’s hard to say. . . . . . . . . . . . . . . . . . . .
Dry quenching of coke is not profitable. Moreover, the designs for the further processing of coke oven gas are homogeneous; as many projects were launched simultaneously, market conditions for these products deteriorated and profits suffered, so it’s already good enough to just manage to survive
If hydrogen fuel cell vehicles become widespread, demand for hydrogen will inevitably increase. Purifying coke oven gas and producing hydrogen through separation offer cost advantages. If we persevere until then, spring will arrive.
Steel coking is undoubtedly an industry on the decline, just as is the case with other developed countries around the world. At present, the task for steel and coking companies is to find ways to survive, whether through technological innovation, improved business practices, or better management – the only goal is survival. Once the economy stabilizes, then can efforts be made toward technological advancement and industrial upgrading! !
Overcapacity is always relative; it’s not possible to rely on brute force at present – technological upgrades, the extension of the industrial chain, and greater precision are required. Wait, there’s only death.
That’s right, I agree with you! But current coking enterprises are all short of money; where would they get the funds to launch new projects or expand their industrial chains? If there is sufficient funding, it’s of course necessary to expand the industrial chain and increase the added value of products; if not, then management needs to be improved to reduce costs and increase efficiency, while also seeking ways to save expenses. Alternatively, companies should unite in order to survive! !
The decline in the economic conditions of the external environment is due to objective laws and market factors, but enterprises must focus on their own development. There is certainly an overcapacity in the steel and coking industries at present, yet there are significant differences among enterprises; therefore, reform and innovation are essential
At the moment, independent coking plants don’t seem to have a very promising future; steel complexes, on the other hand, are still viable, as blast furnaces require coke. However, with the current high environmental pressures, and given that coking is a major source of energy consumption and pollution, it’s difficult to assess its prospects.