17
Nov
10:35
Lingyuan Steel upgrades converters
Lingyuan Iron & Steel's listed company will close three old 35-tonne converters and build a new 120-t converter. The new equipment is expected to produce billet for construction steel, Kallanish notes.
The new converter will have 1.35 million tonnes/year of crude steel capacity. This requires 5,000 t/y of capacity to be eliminated during the replacement, and Lingyuan Steel will keep 295,000 t/y in quotas for other uses. The total 1.65m t/y in quo…
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Anonymous
Very good overview of the weekly steel market.
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