27
Dec
02:48
Shente sells ironmaking capacity to Jinshenglan
Jiangsu Shente Steel has sold 550,000 tonnes/year of ironmaking capacity quota to Hubei Jinshenlan Metallurgical Technology, according to the Industry and Information Technology Department of Jiangsu.
Kallanish notes that Shente's 450 cubic metre blast furnace will provide these capacities.
It is not the first time Shente has sold capacity since it was reorganised by Jiangsu Delong after bankruptcy in July 2020. The firm’s initial capacity was 2.25 mill…
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