27
Nov
04:30
Hebei announces steel capacity removal target for 2020
The Development and Reform Commission of Hebei Province plans to eliminate 14 million tonnes/year of steel capacity in 2020. The province will require far more drastic cuts if it is to meet its main targets however, Kallanish notes.
Hebei announced it would reduce its steel production capacity by 30m t/y from 2019 to 2020. By the end of October 2019, Hebei had closed crude steel production capacity of 14.517m t/y. In addition, Hebei also…
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Anonymous
Very good overview of the weekly steel market.
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