15
Jan
10:21
Hebei announces modest 8m t/y steelmaking capacity reduction target
China’s northern Hebei province has announced it will try to reduce its PM2.5 levels, a key benchmark for air pollution by 6% in 2016. As part of achieving this it has noted that it will cut ironmaking capacity by 10 million tonnes/year and steelmaking by 8m t/y, Kallanish notes.
Reduction in steelmaking capacity is welcome both for environmental reasons and to combat oversupply. These measures will effectively have no impact on the steel market however as…
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Anonymous
Very good overview of the weekly steel market.
Anonymous