Baosteel Group announced on 4th, Nov, 2016, Baosteel changes task of reducing 9.2 million tons surplus production capacity of steels from 2016-2018 to reducing 11 million tons surplus steels production capacity in two years(2016-2017).
With this announcement, Shanghai Stainless Co.,Ltd of Baosteel has already closed one blast furnace with 750m³, one 2500m³ blast furnace and two 150tons converters already.
Since Sep, 2016 most mills have been keeping the reducing production capacity plans, which is one of main reason of constant price rising for steel and stainless products.
-TJC Stainless Co.,Ltd
With this announcement, Shanghai Stainless Co.,Ltd of Baosteel has already closed one blast furnace with 750m³, one 2500m³ blast furnace and two 150tons converters already.
Since Sep, 2016 most mills have been keeping the reducing production capacity plans, which is one of main reason of constant price rising for steel and stainless products.
-TJC Stainless Co.,Ltd