22
Jul
09:03
China seeks 10% steel capacity cut from SOEs
China’s next major reform will aim to cut steel capacity by 10% within 2 years in all central government-controlled enterprises, says Xiao Yaqing, director of the State-owned Assets Supervision and Administration Commission (SASAC).
China’s steel capacity first surpassed 1 billion tonnes in 2012 and the current number will probably be approaching 1.2 billion tonnes. State-owned steel companies account for most overcapacity as they are central to…
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Anonymous
Very good overview of the weekly steel market.
Anonymous