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05 Nov
02:45

Hebei's Hongrong Steel plans quota sale

China’s Hongrong Iron & Steel, part of Hebei province’s Xinwu’an Steel Group, plans to sell its remaining steel quotas following a capacity replacement project. The registration period for the auction will last until 15 November, Kallanish notes. The company plans to sell 875,000 tonnes/year off steelmaking capacity quota. Four Wu’an steelmakers, Xinjin Steel, Wen’an Steel, Hongrong Steel and Yongcheng Castings, are pl…
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