19
Oct
12:50
Shagang suspends most rolling lines on curbed power supply
Major eastern Chinese steelmaker Shagang has suspended most of its production lines since 18 October in response to electricity supply limitations, Kallanish notes. The steelmaker has not said for how long lines will be down.
Market research shows that Shagang's rebar supply could be reduced by 60% and wire rod supply could be reduced by about 80%. The production of flat products such as hot rolled coil, cold rolled coil and plate is tempor…
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Anonymous
Very good overview of the weekly steel market.
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