19
Apr
12:16
Wuhan's Fangchenggang project falls between the Baowu cracks
Wuhan Iron & Steel's (Wugang) Fangchenggang costal steelworks project has received CNY 64 billion ($9.29 billion) in investment and had planned 10 million tonnes/year of steel capacity targeting high-end auto-sheet and white goods markets. In March however the site produced just 10,000 tonnes of CRC as the project has fallen foul of the merger into Baowu Group and corruption charges against a former Wugang chairman, Kallanish notes.
Guangxi province…
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Anonymous
Very good overview of the weekly steel market.
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