14
May
03:28
Fuzhou government targets steel capacity boost
The Fuzhou local government in China’s Fujian province has announced its plan to upgrade its steel industry during 2020-2025, Kallanish notes.
The main areas for capacity will be Luoyuan Bay and Changle district. The government set a target in 2025 to reach capacities of 17 million tonnes/year iron, 25m t/y crude steel. This will include 10m t/y iron and 15m t/y steel in Luoyuan Bay, and 7m t/y iron and 10m t/y steel in Changle. It anticipates steel out…
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Anonymous
Very good overview of the weekly steel market.
Anonymous