Tangshan To Halve Steel Mills By 2020

- Jul 05, 2018-

Reuters reported that China’s top steelmaking city Tangshan plans to halve the number of its steel producers by 2020 and eliminate inefficient equipment, in its latest push to consolidate its steel sector and help clear one of the country’s most polluted cities. Tangshan’s Industry and Information Technology Bureau official said “The city aims to keep less than 30 steel companies by 2020 and cut it further to around 25 by 2025. Those who fail to meet environmental and efficiency standards will be shut, and also those that cannot convert from road transport to rail by 2020.’

He added “Tangshan also plans to phase out blast furnaces with annual production capacity of less than 1 million tonnes, by 2020, the official said. Converters, also used in steelmaking, with annual capacity below 1.15 million tonnes and sintering machines smaller than 180 square meters will be scrapped.”

Tangshan is home to 64 steelmakers in China’s northern province Hebei, producing 91.2 million tonnes of crude steel in 2017, or 11 percent of the country’s total output.

Previous:Trump Trade War - Rising Steel Costs Delay Local Project In Ohio Next:NCLAT Seeks Explanation From IRP For Rejection Of Bids In First Round