09
Apr
11:10
Inner Mongolia announces end-2023 equipment elimination plan
The Inner Mongolia Industry and Information Commission says nine steel companies will close 11 blast furnaces and 12 converters by the end of 2023 (see table below).
Official data shows that 6.65 million tonnes/year of iron capacity and 6.2m t/y of crude steel capacity will be shut down, Kallanish notes.
According to the province’s development plan of steel and related industries during the 14th Five-Year Plan (2021-2025), blast furnaces under 1,2…
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Very good overview of the weekly steel market.
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