11
Jun
02:55
Xuzhou Baofeng transfers iron capacity to Jiangsu Binxin
According to the Jiangsu Ministry of Industry and Information Technology, Xuzhou Baofeng Special Steel transfered ironmaking capacity quotas to Jiangsu Binxin Iron & Steel on 10 June. Binxin plans to commission 1.15 million tonnes/year of new ironmaking capacity, Kallanish notes.
Baofeng will eliminate capacity of 1.44m t/y by shutting down two 620-cubic-metre blast furnaces. Demolition is planned to start at the end of June 2020, and will last&nbs…
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Anonymous
Very good overview of the weekly steel market.
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