14
Apr
04:54
Chinese steelmakers add overhauls amid downturn
China's steel industry has not seen the expected rebound in April. Instead, steel mills announced production cuts to reduce inventory pressure due to weak demand.
Kallanish learns from public announcements that Shagang will cut 90,000 tonnes of construction steel in the second half of April, and reduce 100,000t of hot-rolled coil output due to a maintenance from late-April.
In addition, Hebei Cangzhou Zhongtie will conduct a 15-day overhaul on its 1,250m…
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Anonymous
Very good overview of the weekly steel market.
Anonymous