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Report: Magang shuts two converters
Oct 30,2018 11:22CST
company news
Source:SMM
The permanent closure is estimated to cut iron production capacity by 1.28 million mt

Chinese steelmaking giant Maanshan Iron & Steel on Monday October 29 shut two 40-mt converters at its long steel production mill. This is estimated to cut iron production capacity by 1.28 million mt.

The permanent closure helped the steelmaker meet its overcapacity cut targets in China's supply-side reform.

In the past three years, the Anhui-based steelmaker has cut iron-making capacity by 2.24 million mt and steel-making capacity by 2.79 million mt.

Supply-side reform
Steel

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