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18 May
04:28

Jianlong plans to expand steel capacity

China’s Jianlong Group plans to more than double its steel production capacity during 13th five year plan from 2016 to 2020, group chairman, Zhang Zhixiang said on 16 May. The privately-owned Jianlong expects to increase its total steel capacity from 23 million tonnes/year currently to 50m t/y by the end of 2020, Kallanish notes. It wants to meet the target through merging private steelmakers, avoiding the hassle of dealing with state-owned companies. It w…
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