27
Mar
03:30
Jigang to auction off old furnaces
Jinan Iron & Steel (Jigang), a subsidiary of Shandong Iron & Steel Group (Shangang), is in the process of auctioning off some of its assets up to 1 April. The auctioned assets are valued at more than CNY 63.75 million ($9.5 million), Kallanish notes.
The steel assets include three 45-tonne converters with production capacity of nearly 1.5 million tonnes/year, a 60 square-metre sinter plant and a 350-cubic-metre blast furnace with…
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Anonymous
Very good overview of the weekly steel market.
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