21
Dec
03:41
Hebei announces 2017 steel capacity elimination targets
China’s Hebei province says that it intends to cut 17.14 million tonnes/year of iron and 19.86m t/y steel capacity in 2017. This was announced at the Hebei provincial Economic Working Conference on 20 December.
Hebei is the biggest steel production province in China and has cut 16.24m t/y steel capacity and 17.61m t/y iron capacity in 2016, Kallanish notes. Official data from National Bureau of Statistics shows it has produced 177.8 million tonnes of crude…
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Anonymous
Very good overview of the weekly steel market.
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