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20 Apr
06:33

Shandong province details 2018 steel capacity cuts

Shandong province has announced that it plans to eliminate 4.65 million tonnes/year of iron and 3.55m t/y of steel capacity in 2018, according to a local government press conference. National Bureau of Statistics data shows over January to March it produced 17.1 million tonnes of crude steel, down by -5.95% from 2017. During the press conference the province reported an annual decrease of -4.6% year-on-year, suggesting some revision to 2017 output, Kallanish not…
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