04
Jul
06:59
Shengbao Steel cancels capacity replacement plan
According to Shengbao Steel's Guangyuan Metals in Hebei province, the Jiangxi Provincial Ministry of Industry and Information Technology cancelled the firm's steel capacity replacement plan at the end of June, Kallanish notes.
The plan was published in December last year (see Kallanish 11 December 2018). The company originally planned to transfer 4.08 million tonnes/year of iron capacity and 4m t/y of steel capacity. Meanwhile it will demolish …
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Very good overview of the weekly steel market.
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