Tangshan Closes Another 4 Steel Mills for Overcapacity Elimination Target-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • NPI
  • Zinc
  • Production data
  • Macroeconomics
  • Market commentary
  • Morning comments
  • Aluminium
  • Copper
  • Stainless steel
  • Mengtai Group
  • Nickel
  • Futures movement
  • In the United States
  • trade negotiations

Tangshan Closes Another 4 Steel Mills for Overcapacity Elimination Target

Industry News 11:36:49AM Jun 30, 2017 Source:SMM

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. 

What Triggers Bullish Bets in Steel Market? SMM Reports

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. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or limited. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

Key Words:  iron ore price  iron ore  steel price 

Price

more
62% Fe Fines (Qingdao Port): IOPI62
Oct.17
713.0
-28.0
(-3.78%)
62% Fe Fines (Qingdao Port, CFR Equiv.)
Oct.17
93.1
-3.9
(-3.98%)
58% Fe Fines (Qingdao Port): IOPI58
Oct.17
626.0
-9.0
(-1.42%)
58% Fe Fines (Qingdao Port, CFR Equiv.)
Oct.17
82.2
-1.3
(-1.55%)
65% Fe Fines (Qingdao Port): IOPI65
Oct.17
750.0
-28.0
(-3.60%)

Tangshan Closes Another 4 Steel Mills for Overcapacity Elimination Target

Industry News 11:36:49AM Jun 30, 2017 Source:SMM

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. 

What Triggers Bullish Bets in Steel Market? SMM Reports

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. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or limited. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

Key Words:  iron ore price  iron ore  steel price