27
May
09:28
Hebei forces steelmakers to cut capacity
China’s Hebei province signed liability statements on 26 May with city governments and steel companies to ensure it meets its target of cutting 14.22 million tonnes/year of steelmaking capacity in 2016, Kallanish notes.
The first phase of the capacity reduction mission is to remove 8.2 m t/y of capacity before the end of November 2016. The remaining 6m t/y will have to be closed in December 2016. Tangshan, Qinhuangdao, Handan and Langfang say they have alr…
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Anonymous
Very good overview of the weekly steel market.
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