Handan eyes steel, iron making capacity cuts of 11.03 million mt in 2019-2020-Shanghai Metals Market

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Handan eyes steel, iron making capacity cuts of 11.03 million mt in 2019-2020

Industry News 10:51:34AM Aug 15, 2019 Source:SMM

SHANGHAI, Aug 15 (SMM) – Handan city in China's top iron and steel production base of Hebei will cut its capacity by 11.03 million mt in 2019-2020, as part of the efforts to control air pollution and phase out excessive capacity, a senior government official said on Tuesday August 13. 

By 2020, some 40% of the iron, steel making capacity in Handan will be removed compared with the start of 2013. 

According to the official, Handan reduced a total of iron making capacity of 17.83 million mt and steelmaking capacity of 13.93 million mt in 2012-2018. 

Key Words:  Market commentary  Steel  Iron 

Handan eyes steel, iron making capacity cuts of 11.03 million mt in 2019-2020

Industry News 10:51:34AM Aug 15, 2019 Source:SMM

SHANGHAI, Aug 15 (SMM) – Handan city in China's top iron and steel production base of Hebei will cut its capacity by 11.03 million mt in 2019-2020, as part of the efforts to control air pollution and phase out excessive capacity, a senior government official said on Tuesday August 13. 

By 2020, some 40% of the iron, steel making capacity in Handan will be removed compared with the start of 2013. 

According to the official, Handan reduced a total of iron making capacity of 17.83 million mt and steelmaking capacity of 13.93 million mt in 2012-2018. 

Key Words:  Market commentary  Steel  Iron