09
Feb
02:51
Jiangsu Hongtai cuts 2m t/y of steel capacity
Jiangsu province’s Hongtai Iron & Steel has cut 2 million tonnes/year of crude steel capacity, according to the Jiangsu provincial Development and Reform Commission (DRC). Jiangsu aims to cut over 11.7m t/y of steel capacity 2017-2018, Kallanish notes.
Hongtai’s company profile shows it is mainly a construction steelmaker owning 3.5m t/y of steelmaking capacity. According to the DRC announcement, Hongtai closed 10 40-tonne medium induct…
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Anonymous
Very good overview of the weekly steel market.
Anonymous