22
Sep
09:57
China's NRDC to ban low-quality steelmaking induction furnaces
China’s National Development and Reform Commission overcapacity elimination office has issued a notice to ban incorrectly labelled low quality steel, mainly produced by induction furnaces at small mills. The real effect of this campaign remains unpredictable however because of both the scale of the problem and invisible resistance from locals, Kallanish notes.
Li Xinchuang, president of the China Metallurgical Industry Planning and Research Institute (MPI)…
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Anonymous
Very good overview of the weekly steel market.
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