22
Dec
04:57
Sangang announces major capacity upgrade plan
Southeastern China’s Fujian Sangang Group has announced steelmaking capacity replacement and upgrade plans for several of its subsidiaries. This includes some newly-acquired steelworks such as San’an Iron & Steel.
The plan to upgrade 4.61 million tonnes/year of iron and 1.4m t/y of steel capacity has been approved by local government (see table below). Sangang estimates it will produce around 11 million tonnes of crude steel in 201…
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Anonymous
Very good overview of the weekly steel market.
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