22
Aug
09:06
Baosteel completes 2016 capacity cuts target
Baosteel has completed its 2016 capacity elimination target ahead of schedule, it says. The news comes as central government pressure increases to make rapid progress with reducing excess capacity, Kallanish notes.
After a comprehensive self-evaluation, Baosteel crafted a three-year capacity elimination plan saying it will eliminate more than 9.2 million tonnes/year of steelmaking capacity by the end of 2018 (see Kallanish 12 July). So f…
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Anonymous
Very good overview of the weekly steel market.
Anonymous