26
Nov
04:29
Inner Mongolia completes 2020 capacity reduction goal
Inner Mongolia in northern China has officially said that the province has exceeded its capacity reduction target for 2016-2020, Kallanish notes.
Inner Mongolia replaced 2.35 million tonnes/year of crude steel capacity in the last two years, including 1m t/y in 2018. According to national capacity replacement regulations, to add 1 t/y capacity 1.25 t/y of capacity must be closed. As a result, Inner Mongolia has reduced its crude steel capacity by …
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Anonymous
Very good overview of the weekly steel market.
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