Steel News Roundup

SHANGHAI, Nov 9 (SMM) — This is a roundup of news in the steel industry for last week. 

Shandong: 400 million yuan to support the withdrawal of coking capacity

Shandong has allocated nearly 400 million yuan to support the withdrawal of 8.16 million mt of coking capacity and 140,000 mt of fertilizer capacity this year,  according to Department of Finance.

Survey across mills at southwest China to control overcapacity

China Iron and Steel Association is conducting surveys across mills at southwest China to check on their control of their overcapacity. According to CISA’s vice-chairman Luo Tiejun, surveys of construction projects in the southwest China and Yunnan are being conducted, and the Assocation will analyse the problems of overcapacity. Luo and his party has travelled to Kunming Iron and Steel to

Qian'an First Rolling suspended production

Qian'an First Rolling has suspended production  of blast furnaces and rolling mill processes, with daily decrease of 6,000 mt hot rolled coils. Qian'an First Rolling is a large scaled steel joint enterprise integrating sintering, ironmaking, steelmaking and steel rolling. It is equipped with three 90㎡ belt sintering machines, two 10㎡ shaft furnaces, two 580m³ blast furnaces, one 160 mt converter, one 1,100mm slab caster and one 1,250mm hot-rolled wide strip steel production line, with annual production of 1.24 million mt of iron, 1.6 million mt of steel and 3 million mt of steel materials. Its main product is hot-rolled coil. Production has been suspended from November 4.

understand more about the overcapacity situation.

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