07
Nov
03:11
Guangxi Shenglong announces capacity upgrade plan
Guangxi Shenglong Metallurgical Company has released a capacity reduction and replacement plan and obtained government approval, according to the provincial government website. Shenglong is removing 3 million tonnes/year of iron and 3.4m t/y of steel capacity and replacing it with two 1,680 cubic metre blast furnaces and two 150-tonne converters, Kallanish notes.
The steelmaker has CNY 3 billion ($452.09 million) in registered capital and has spent more tha…
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Anonymous
Very good overview of the weekly steel market.
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