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China closes more mislabelled steel capacity
More public information about so-called mislabelled steel capacity cuts in China is now being circulated with a programme of national inspections being implemented over the period 2-25 May. China’s eastern Fujian, north-western Gansu and Xinjiang provinces have reported more progress on mislabelled capacity elimination, with most of them seeing equipment completely removed, Kallanish notes.
According to Gansu provincial Development & Reform Commission, four mislabelled steelmakers have been closed and all related capacity removed. Local authorities are now demolishing the sites to ensure that there can be no return there to illegal steel production.
By 9 May this year more than 31 mislabelled steel mills have been closed and equipment removed by local authorities. Another four mills totalling 1.5 million tonnes/year steel capacity are also targets for closure before end of June (See table below).
Wulumuqi city mislabelled steel elimination targets - May/June 2017
Company | Induction furnace | Capacity (tonnes/year) |
Xinjiang Longjiang Xingguanzhong Special Steel | 8*50-t | 1,200,000 |
Wulumuqi Midong Jiashun Metal Products | 6*12-t | 200,000 |
Wulumuqi Midong Tongda Falan Semiproducts plant | 8*5-t | 50,000 |
Wulumuqi Midong Yongheng Iron Part processing plant | 6*5-t | 50,000 |
Total | 1,500,000 |
Source: Xinjiang Wulumuqi city Economy & Information Commisison
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous