16
Mar
10:23
Angang targets 70mt steel capacity in 2025
China’s Anshan Iron & Steel (Angang) has set a goal to have by 2025 capacity of 70 million tonnes/year of crude steel, 50m t/y of iron concentrate. It also aims for annual sales revenue and tax payments of CNY 300 billion ($46 billion) and CNY 10 billion respectively, says company chairman Tan Chengxu.
Angang will continue to promote “Mixed Ownership Reform”, while in the meantime leading acquisitions to increase industry concentration, and s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous