21
May
01:00
Jiangsu releases paltry capacity reduction targets
The eastern Chinese province of Jiangsu says it plans to eliminate just 1.1 million tonnes/year of iron making and 1.5m t/y of steelmaking capacity in 2015. The province produced over 100 million tonnes of steel in 2014 and has more than 105m t/y of capacity just on China’s official white list, Kallanish notes.
Jiangsu is also getting rid of capacity for cement, aluminium and shipbuilding as per Beijing’s guidelines for reducing overcap…
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Anonymous
Very good overview of the weekly steel market.
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