The Henan province government announced its plan of iron and steel capacity cuts for this year.However, those cuts are unlikely to impact production volumes, as only inefficient mills will have to beeliminated.The local government claims that 2.4 million tpy of crude steel and 1 million tpy of pig iron capacitieswill be halted this year. The instructions have to be carried out till late October. However, oversupply isunlikely to be eased after those cuts.
展开▼
