25
Nov
09:37
Xuanli Steel receives capacity quotas from Henan Changtai
Tonglin Xuanli Special Steel in China’s Anhui Province will receive capacity quotas of 1.04 million tonnes/year of iron and 950,000 t/y of steel from Henan Changtai Stainless Steel Plate Co., Ltd. Government approvals are undergoing a period of public comment, Kallanish notes.
According to the proposal, Changtai Steel has to shut down a 1,080 cubic metre-blast furnace and a 80-tonne converter. Xuanli Steel will use the freed-up quotas to build the follow-up …
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Very good overview of the weekly steel market.
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