07
Jun
09:05
China restarts capacity replacement
Chinese steel mills have successively announced new capacity replacement plans, following the amendment to steel industry capacity replacement measures that took effect at the start of June.
Tianjin's New Tiangang Group, now controlled by Delong Group after a reorganisation in 2019, plans to build one 1,250 cubic-metre blast furnace over June 2021 to January 2022. The steelmaker previously started construction on the project in late 2020, but had to adjust its…
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