22
Sep
06:32
Jiangsu cuts more steel capacity
Jiangsu has removed more excess steel capacity from Suining Ningfeng Iron & Steel, according to the provincial Development & Reform Commission. Ningfeng has two 70-tonne electric arc furnaces and one six-metre continuous caster, totalling around 500,000 tonnes/year of capacity, which feeds a rebar mill.
The government announcement and site visit photo shows Ningfeng has removed one of its EAFs. Inspectors checked the equipment removal and audited the clo…
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Anonymous
Very good overview of the weekly steel market.
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