16
Aug
10:25
Hongtai Steel completes capacity replacement project
After building two 105-tonne electric arc furnaces in 2019, Jiangsu Hongtai Iron & Steel has finally reorganised and submitted its capacity replacement report, according to the Industry and Information Technology Department of Jiangsu.
The company had previously said four EAFs would be closed to provide capacity quotas, but has reduced this to three, including a 60t EAF and two 80t EAFs which it previously operated, Kallanish notes. As Jiangsu plans to elimina…
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Very good overview of the weekly steel market.
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