22
Feb
09:09
Wugang to cut capacity but Baowu's output grows
Central China’s Wuhan Iron & Steel (Wugang) will remove two blast furnaces and one coke oven in 2018, according to Baowu deputy manager Guo Bin. The removal will mean a significant cut in capacity at Wugang but will not impinge on the Baowu group’s crude steel capacity increase, Kallanish notes.
The changes will cut Wugang’s crude steel output from 18 million tonnes in 2017 to around 14mt this year. Guo says that the closures are part of th…
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