09
Aug
04:52
China's Kungang transfers capacity to Guangxi Shenglong
Kunming Iron & Steel (Kungang) in southern China's Yunnan Province announced it will transfer 3.12 million tonnes/year of iron capacity and 1.3m t/y of steel capacity to Guangxi Shenglong Metallurgy Company, Kallanish notes.
Kungang will have to close two 1,080-cubic-metre blast furnaces, one 50-tonne converter in Yuxi city, and one 1,080m³ blast furnace and one 50-t converter in Honghe city. The combined capacity of t…
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Very good overview of the weekly steel market.
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