04
Dec
04:25
Jiangsu closes furnaces for capacity reduction
Jiangsu Xicheng Sanlian Holding Group and Jiangyin Xingcheng Special Steel have completed their capacity reductions, according to the Jiangyin Municipal Government of Jiangsu Province. These capacities were included in the list of obsolete capacities in 2016-2017 but were not resolved until 2020, Kallanish notes.
Jiangsu Xicheng Sanlian Holding Group had closed ten induction furnaces by the end of October 2020, the company informs. This has helped reduce 2 million…
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Anonymous
Very good overview of the weekly steel market.
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