27
Feb
03:17
Chinese authorities reveal 2018 capacity cut goals
Several local governments in China have announced their steel capacity cuts goals for 2018, including Hebei, Jiangsu, Shandong, Shanxi, Liaoning, Anhui and Yunnan provinces. In total, more than 23 million tonnes/year of steelmaking capacity has already been targeted for closure (see table below), Kallanish notes.
China has recently upgraded its steel capacity closure targets to 150 million tonnes/year of steel over 2016-2020. So far it had eliminated 115m t/y of…
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Anonymous
Very good overview of the weekly steel market.
Anonymous