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CISA: China Cuts 119 Mln Tonnes of Low-Grade Steel Capacities
Apr 26, 2017 15:03Source:SMM
China has phased out more than 500 low-grade steel mills, with capacity at 119 million tonnes.
SHANGHAI, Apr. 26 (SMM) – China has phased out more than 500 low-grade steel mills, with capacity at 119 million tonnes, said Chi Jingdong, Vice Chairman of China Iron & Steel Association (CISA).
Moreover, China will send 9 teams for low-grade steel capacity elimination inspection in May 2-25, and local governments should finish the action by July and August.
Chi expects China will eliminate all low-grade steel capacities by June 30, 2017.
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