16
May
07:43
Chonggang plans to hike steel production in 2018
Chongqing Iron & Steel (Chonggang) plans to increase crude steel production by 46% and iron production by 39.8% in 2018, according to its report to the Shanghai Stock Exchange. The boom in output is due to an improved financial situation after restructuring, Kallanish notes.
Chonggang is expected to produce 5.37 million tonnes of iron, 6mt of crude steel and 5.72mt of semis in 2018. This production target continues the increasing trend of its steel productio…
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Anonymous
Very good overview of the weekly steel market.
Anonymous