17
Jan
07:03
Shagang invests in special steel production
The Shagang Group aims to boost the proportion of high-end steel and special steel in its production from 30-35% currently to 50% in the coming five years, according to group chairman Shen Wenrong. Shagang also says by the end of 2020 it will have replaced 1,000-1,500 human positions with robots.
Shen is also the controller of investment company Jincheng Shazhou, which now owns 43% of Dongbei Special Steel. Jincheng Shazhou's restructuring plan for two …
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Anonymous
Very good overview of the weekly steel market.
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