17
Aug
03:27
Chongqing eliminates massive steel capacity
The results of Chongqing supply-side reforms to date have been released by the local State-owned Assets Supervision & Administration Commission (SASAC). 8.6 million tonnes/year of crude steel capacity and 1.86m t/y of coal mining capacity have been eliminated, Kallanish notes.
According to the People’s Daily, Chongqing Iron and Steel Company (Chonggang) has closed down a 1.4m t/y blast furnace and three converters, each with capacity of 2.4m …
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Anonymous
Very good overview of the weekly steel market.
Anonymous