23 September 2018

Shandong cuts 3 mln tons iron & steel capacity, paper says

Shandong province has eliminated nearly 3 million metric tons of outdated steel and iron production capacity so far this year, China Business News reported over the weekend, citing government data. Shandong is the third biggest producer of steel materials among all the Chinese provinces. Shandong’s overall crackdown on outdated capacity covers 111 companies in 14 industries, including cement and paper.

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