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Shaanxi, Shanxi, Gansu, Sichuan Steelmakers to Cut Production

Steel News - Published on Tue, 13 Aug 2019

Image Source: Nikkei
SMM reported that steelmakers across central China’s Shaanxi, Shanxi, Gansu and Sichuan provinces agreed at the meeting over the weekend to curtail production to prop up steel prices. In Shanxi, Liheng will halve production by suspending two blast furnaces, which translates to 6,000 tonnes of daily output being impacted, while Jianbang will cut one third of its production, as much as 3,000 tonnes per day, by suspending a 550m³ blast furnace.

Shanxi Jianlong will use 30% less of steel scrap to reduce production by a daily volume of 3,000 tonnes, while Hongda will slash daily output by 1,500 tonnes.

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Posted By : Ratan Singh on Tue, 13 Aug 2019
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