30
Mar
01:00
Chinas 80 million t/y of capacity closures unlikely to balance market
China plans to shut down 80 million tonnes/year of steelmaking capacity over 2015-2017, compared with 90m t/y over 2010-2014, according to state officials. However, even at this accelerated rate, the policy has no hope of ending the problem of oversupply, Kallanish notes.
Ministry of Industry and Information Technology (MIIT) deputy director Luo Tiejun told a steel industry conference on Saturday that a restructuring and development action plan for…
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Anonymous
Very good overview of the weekly steel market.
Anonymous