19
May
10:51
China targets SASAC steelmaking capacity reduction
China’s State Council said at its executive meeting on 18 May that enterprises directly controlled by the central State-owned Assets Supervision and Administration Commission (SASAC) should reduce overcapacity. It wants centrally-owned steelmakers to cut steelmaking capacity by 10% by the end of 2017 but ongoing expansions may outweigh that reduction, Kallanish notes.
The central SASAC owns Baosteel, Wuhan Iron and Steel (Wugang) and Anshan Iron and S…
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Anonymous
Very good overview of the weekly steel market.
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