China’s Jiangsu Province to Cut 18 MnT of Steel Capacity by 2020 in its New Three-Year Action Plan

Mining News Pro - China’s Jiangsu province has pledged to take tougher measures to tackle air pollution over next three year i.e. till 2020 targeting heavy industry, energy consumption and transportation in the east coast manufacturing hub.

Iran to Enhance Crude Steel Capacity to 38 MnT pa by Year End - Reports

Mining News Pro - Iran likely to expand crude steel capacity to 38 MnT pa by year end against current capacity of 32 MnT pa

CISA: Chinese crude steel capacity to drop below 1 billion tons by 2025

Mining News Agency -The chairman of the China Iron and Steel Association (CISA) pointed out that because the demand for steel in China has gradually declined, more old steel mills would be shut down.

Crude Steel Capacity Utilization Ratio Surged to 74.5%: worldsteel

Mining News Agency -The crude steel capacity utilization ratio by all the above 64 countries surged higher from 72.3% in March last year to 74.5% in March 2018.

China Imposes Ban on New Steel Capacity Launches in 2018

Mining News Agency - China-the world’s largest steel producer has vowed to continue its efforts to cut back steel capacity. In a statement issued Thursday by the Ministry of Industry and Information Technology (MIIT), the country’s administration reiterated its commitment to curb excess steel capacity.

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