Tuesday, January 09, 2007

China moves to eradicate outdated steel producers


China's steel industry authorities have announced measures to eradicate low capacity iron mills with high energy consumption. Furnaces with a maximum 200 cubic meters in volume, converters and electric furnaces with maximum capacities of 20 tonnes will no longer be put in operation in China, an official with the China Iron and Steel Association (CSIA) said. China became a net steel exporter in 2006, but has long been plagued by low added-value products, which was likely to cause trade friction, industry experts said.

Source: Full Story


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