25
Apr
12:32
Jiugang Hongxing approves equipment upgrade plan
Jiuquan Iron & Steel's Hongxing Steel has announced it will upgrade two facilities at its metallurgical plant in Jiayuguan city.
The steelmaker plans to build a 2,070 cubic-metre blast furnace in the next two years. This will add 1.76 million tonnes/year of iron capacity to the company by the end of 2024, Kallanish notes. In order to get capacity quotas at a ratio of 1.25:1, Jiugang Hongxing has to dismantle four of its own 450 cum BFs …
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Very good overview of the weekly steel market.
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