08
Apr
04:24
Shandong tightens coke, steel capacity replacement
The Shandong provincial government is tightening its approval procedures for projects in overcapacity and high energy consuming industries. It says these projects should strictly follow new capacity replacement ratios, Kallanish notes.
Across most of China, replacement projects can commission as much new steel capacity as they eliminate, but not more. In key areas such as Hebei, they must close 1.25 times as much capacity as they restart. Companies in Shandong can…
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Anonymous
Very good overview of the weekly steel market.
Anonymous