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19 Jan
04:26

Chonggang considers adding EAF steelmaking capacity

Chongqing Iron & Steel, which is undergoing a restructuring, is considering upgrading its steelmaking capacity. It would do this by swapping more blast furnace capacity to electric arc furnaces, according to Li Yongxiang the general manager of Chonggang's listed company. Changshou Iron & Steel, which has been invested in by Baowu Group, is conducting the restructuring of the heavily indebted Chonggang. The public restructuring plan shows that in 2018…
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