Tangshan Closes Another 4 Steel Mills for Overcapacity Elimination Target

SHANGHAI, Jun. 30 (SMM) – Another 4 steel factories in Tangshan, Hebei province have been closed, csteelnews.com reported. 

Tangshan Guofeng Iron & Steel is one of the four mills being closed down, and the latest round of closures include 3 converters and 4 blast furnaces at the four plants, involving steel-making capacities of 1.98 million tonnes and iron-smelting capacities of 2.51 million tonnes. 

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After these closures, Tangshan has completed its 53.8 per cent of iron&steel elimination target of the year, by totally closing 7 converters and 6 blast furnaces, with 4.67 million tonnes of steel-making capacities and 3.81 million tonnes of iron-smelling capacities. 

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