13
Aug
10:06
Baosteel transfers capacity quotas to Magang
Baosteel Special Steel plans to transfer the steelmaking capacity from its two 40-tonne electric arc furnaces to Ma'anshan Iron & Steel (Magang), also a subsidiary of Baowu Group.
Kallanish notes from the steelmaker that a total of 280,000 tonnes/year of steel capacity quotas will be transfered to Magang. Magang will use these quotas to build two 150-t converters for its new special steel project.
Magang has not yet detailed the special steel pr…
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